The European Union aims to start implementing the Digital Markets Act (DMA) in the spring of 2023, said Commission Executive Vice President Margrethe Vestager at the International Competition Network (ICN) conference last week, as first announced TechCrunch. Earlier, Vestager said that antitrust law, which introduces a new set of rules to limit the power of Big Tech, could be implemented as early as October this year.
“The DMA will take effect next spring and we are preparing to implement it as soon as the first notifications arrive,” Vestager said in a speech to ICN. As noted by TechCrunchVestager suggests that the Commission will be ready to take action against any violations committed by “gatekeepers” – a classification that includes Meta, Apple, Google, Microsoft and Amazon – as soon as the laws take effect.
The DMA, which still needs final approval from the Council and Parliament, defines goalkeepers as companies with a market capitalization of more than € 75 billion ($ 82 billion) and a social platform or application that has at least 45 million users a month. These entities may be fined “up to 10 percent of their total world turnover in the previous financial year” if found in violation of DMA rules, a fee that may be increased to 20 percent in the event of a repeated infringement.
According to the DMA, goalkeepers will have three months to declare their status to the Commission, followed by a waiting period of up to two months to receive confirmation from the EU. This waiting period, combined with the delayed implementation of the DMA, may mean that we will not start seeing real battles between the EU and the Great Technologies until the end of 2023.
“The next chapter is exciting. That means very specific preparation, “Vestager explained. “It’s about setting up new structures within the Commission … It’s about hiring staff. It is about preparing IT systems. We are talking about the preparation of additional legal texts on notification procedures or forms. Our teams are currently busy with all these preparations and we are looking forward to coming up with the new structures very soon. ”
Withdrawal from the DMA may give the Commission more time to prepare, but because TechCrunch points out that the delay could also serve as a catalyst for criticism if the Commission fails to address any serious breaches that have occurred since the DMA became law.
When adopted, the DMA is likely to disrupt the business models used by global technology giants. On the one hand, Apple may need to start allowing users to download apps outside the App Store, an idea that Apple CEO Tim strongly opposes, as he argues that side-loading can “destroy” security. iPhone. This may also require WhatsApp and iMessage to become interoperable with smaller platforms, a policy that may make it difficult for WhatsApp to support end-to-end encryption.