UK taskforce recommendations map out new regulatory regime for digital firms
10 December 2020
On 8 December 2020, the UK Digital Markets Taskforce published its recommendations to the UK Government on the possible design and implementation of a new regulatory regime to govern the behaviour of digital firms with market power.
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.
...it is clear that the new framework cannot operate in isolation. It must sit alongside sector regulation, data protection rules and the new regime on harmful online content.