UK taskforce recommendations map out new regulatory regime for digital firms

The recommendations cover which firms should fall within the scope of the new rules (ie what amounts to “Strategic Market Status”) and set out the Taskforce’s advice on how the three pillars of the regime – tailored codes of conduct, ex ante “pro-competitive interventions” and a new mandatory suspensory merger control system – should work in practice. Our alert summarises the key elements of the recommendations and their likely impact.