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| Long title | A Bill to provide for the regulation of competition in digital markets; to amend the Competition Act 1998 and the Enterprise Act 2002 and to make other provision about competition law; to make provision relating to the protection of consumer rights and to confer further such rights; and for connected purposes. |
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The Digital Markets, Competition and Consumers Bill is a proposed Act of the Parliament of the United Kingdom.[1] It is intended to amend the Competition Act 1998 and the Enterprise Act 2002.[1]
A government press release described it as a bill to "stamp out unfair practices and promote competition in digital markets".[2] The bill also introduces significant reforms to the enforcement of consumer protection laws. The Bill further bans subscription traps, fake reviews and drip pricing.[3][4] Amendments at Third Reading in the House of Lords banned foreign states from having control or influence in the UK media.
The Bill gives statutory definitions to different things including subscription contracts.[5]
Once enacted, in respect of digital markets regulation, it would be the British counterpart to the European Union's Digital Markets Act and will empower the Competition and Markets Authority (which has established a Digital Markets Unit) to regulate firms designated as having "strategic market status".
The Bill passed Third Reading in the Lords on 26 March 2024, and is awaiting consideration of amendments.[1]
See also
References
- ^ a b c "Digital Markets, Competition and Consumers Bill". bills.parliament.uk. 14 September 2023. Retrieved 14 September 2023.
- ^ "New bill to stamp out unfair practices and promote competition in digital markets". GOV.UK. 25 April 2023. Retrieved 2023-09-15.
- ^ "New law banning subscription traps and fake reviews to be introduced". Business Matters. 2024-01-24. Retrieved 2024-01-24.
- ^ "New consumer law to tackle drip pricing". www.farrer.co.uk. 2023-11-06. Retrieved 2024-01-24.
- ^ "Subscription traps: new laws on the way". www.penningtonslaw.com. Retrieved 2024-01-24.
External links
- Digital Markets, Competition and Consumers Bill page at bills.parliament.uk
- Digital Markets, Competition and Consumers Bill Public Bill Committee tracker page at theyworkforyou.com
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This page was last edited on 24 April 2024, at 19:41