CMA
publishes Digital Markets Strategy
The
Competition and Markets Authority has published its Digital Markets Strategy which
sets out how it aims to continue to protect consumers in rapidly developing
digital markets, while fostering innovation. It also provides responses to some
of the recommendations in the Digital Competition Expert Panel (the Furman
Report).
The
CMA has put forward five strategic aims: 1) using its existing tools
effectively and efficiently; 2) building its knowledge and capability; 3) adapting
tools to the digital economy; 4) considering the case and options for
regulation; and 5) considering potential future remedies in digital markets.
The
CMA has also set out seven priorities to guide its future workplan. These include opening a market study into online
platforms and digital advertising, and reviewing the CMA's mergers approach to
digital markets. The CMA intends to increase cooperation with other
international authorities when looking at digital competition issues.
https://www.gov.uk/government/news/cma-launches-digital-markets-strategy
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