On 1 July 2020, the CMA published the Final Report of the ‘Online Platforms and Digital Advertising’ market study, concluding that existing competition law tools are not sufficient to regulate the major online platforms, such as Google and Facebook. The CMA has called on the Government to establish a pro-competition regulatory regime for online platforms, by creating a Digital Markets Unit (“DMU”), which will have powers to deal with concerns swiftly and before irrevocable harm to competition can occur.
Read the full on article on our competition law blog, The CLIP Board.