Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     
  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     
  • Bitcoin GBP

    50,374.76
    -1,112.83 (-2.16%)
     
  • CMC Crypto 200

    1,319.80
    -76.74 (-5.49%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     
  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

EU Commission to be sole enforcer of tech rules, EU countries agree

FILE PHOTO: EU flags flutter in front of the European Commission headquarters in Brussels

By Foo Yun Chee

BRUSSELS (Reuters) - Representatives from EU countries have agreed that the European Commission will be the sole enforcer of new tech rules, with a limited role for national antitrust watchdogs instead of the wider powers sought for them, officials said on Monday.

EU ministers will formally ratify the agreement on Nov. 25 as part of the bloc's common position ahead of negotiations with EU lawmakers and the Commission on the draft rules known as the Digital Markets Act (DMA) before they can become law.

The DMA, proposed by EU antitrust chief Margrethe Vestager last year, aim to curb the powers of Alphabet unit Google, Facebook, Apple and Amazon with a list of dos and don'ts.

ADVERTISEMENT

German and French antitrust watchdogs and their counterparts in the other 25 EU countries in a joint letter in June argued for a bigger role in enforcing the DMA and cited their expertise in digital cases.

"The Commission is the sole authority empowered to enforce this Regulation," said an EU document agreed by a working group of the EU Council and seen by Reuters.

"In order to support the Commission, member states may empower competent authorities enforcing competition rules to conduct investigative measures into possible infringements of obligations for gatekeepers," the document said.

It said the EU executive shall have full discretion to decide whether to open an investigation.

(Reporting by Foo Yun Chee; editing by Grant McCool)