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BRIEF-UK’s CMA Calls For New Regulatory Regime To…

July 1 – UK’s Competition and Markets Authority:

* UK’S CMA – IS CALLING ON GOVERNMENT TO INTRODUCE A NEW PRO-COMPETITION REGULATORY REGIME TO TACKLE GOOGLE AND FACEBOOK’S MARKET POWER

* CMA – CONCERNED THAT GOOGLE AND FACEBOOK DEVELOPED SUCH “UNASSAILABLE MARKET POSITIONS” THAT RIVALS CAN NO LONGER COMPETE ON EQUAL TERMS

* UK’S CMA – RECOMMENDATION TO GOVERNMENT ON TECH COMPANIES IS RESULT OF A YEAR-LONG EXAMINATION OF MARKETS

* CMA – RECOMMENDING NEW PRO-COMPETITION REGULATORY REGIME TO GOVERN BEHAVIOUR OF MAJOR PLATFORMS FUNDED BY DIGITAL ADVERTISING, LIKE GOOGLE, FACEBOOK

* CMA – FOUND THAT NEWSPAPERS ARE RELIANT ON GOOGLE AND FACEBOOK FOR ALMOST 40% OF ALL VISITS TO THEIR SITES

* CMA – WORKING WITH ICO AND OFCOM, CMA IS FORMALLY LAUNCHING A DIGITAL MARKETS TASKFORCE

* CMA – PROPOSED WITHIN NEW REGIME ‘DIGITAL MARKETS UNIT’ TO HAVE ABILITY TO ORDER FACEBOOK TO INCREASE INTEROPERABILITY WITH COMPETING PLATFORMS

* CMA – PROPOSED NEW REGIME SHOULD HAVE ABILITY TO ORDER GOOGLE TO OPEN UP CLICK, QUERY DATA TO RIVAL SEARCH ENGINES

* CMA – PROPOSED WITHIN NEW REGIME A ‘DIGITAL MARKETS UNIT’ TO HAVE ABILITY TO RESTRICT GOOGLE’S ABILITY TO SECURE PLACE AS DEFAULT SEARCH ENGINE

* CMA – PROPOSED WITHIN ‘DIGITAL MARKETS UNIT’ TO HAVE ABILITY TO ORDER SEPARATION OF PLATFORMS WHERE NECESSARY TO ENSURE HEALTHY COMPETITION Source text for Eikon: Further company coverage:

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