Tougher new rules for tech giants, more power to enforcers-EU’s Vestager

In this news, we discuss the Tougher new rules for tech giants, more power to enforcers-EU’s Vestager.

BRUSSELS (Reuters) – Tech giants will have to do more to eliminate illegal and harmful content, while online gatekeepers will be bound by a list of dos and don’ts under new rules designed to limit their power, the chief of European competition.

EU Competition Commissioner Margrethe Vestager has also proposed new powers to authorities responsible for tackling market failures in digital markets and preventing new ones.

Under the Digital Services Bill, online platforms will have to verify the identity of sellers before they can use their services to tackle illegal and dangerous content.

Tech companies will need to report on their actions and inform users who pay for the ads they see and why they have been targeted by certain ads, Vestager said.

The second set of rules called the Digital Markets Act is intended for online custodians.

“This proposal will have two pillars,” Vestager said at an event at the European Policy Center.

“The first of these pillars will be a clear list of dos and don’ts for large digital controllers, based on our experience of the types of behavior that can prevent markets from working well.”

Unauthorized practices include promoting one’s own services, which is known as unfair self-preference, which makes it difficult for users to switch platforms or use more than one service.

Vestager said the second pillar of the digital markets law is to put in place a harmonized market investigation framework across the bloc of 27 countries.

“This would give us a harmonized set of rules that would allow us to study some structural issues in digital markets and, if necessary, we could take steps to make these markets contestable and competitive,” she said.

Vestager will announce the new draft rules on December 2. It will have to reconcile its proposal with those of EU countries and the European Parliament before it becomes law.

Reporting by Foo Yun Chee; Editing by Robert Birsel

Original © Thomson Reuters Corporation

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