The CMA plans to implement a 'participative' approach under the Digital Markets, Competition and Consumers Act, focusing on resolving legal compliance before imposing fines.
The CMA aims to designate companies with 'Strategic Market Status,' allowing tailored conduct requirements to address unfair practices by major digital platforms.
Pro-competition interventions will allow the CMA to prevent anti-competitive behaviors, fostering a marketplace that supports open access and benefits UK businesses and consumers.
The new competition law aligns with similar EU regulations, like the Digital Markets Act, reinforcing a global effort to ensure fair competition among tech giants.
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