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ARTICLE · 07 JUNE 2023

UK Digital Markets, Competition And Consumers Bill

Argus Partners
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On April 25, 2023, the Government of United Kingdom ("UK") published the Digital Markets, Competition and Consumers Bill ("Bill").

United KingdomConsumer Protection
Dileep Krishnan
Dileep Krishnan
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On April 25, 2023, the Government of United Kingdom ("UK") published the Digital Markets, Competition and Consumers Bill ("Bill"). The Bill is undoubtedly the most important legal reform made to the competition and the consumer law regime in the UK since the setting up of the Competition and Markets Authority ("CMA") in 2014. The Bill aims to boost competition in digital markets which are currently dominated by a few global giants and also aims to help consumers by cracking down on unfair business practices.

The Bill significantly strengthens the powers of the CMA in relation to the regulation of competition in digital markets and enforcement of consumer law. The new rules permit the CMA to decide when a consumer law is breached without taking the matter to the court. The Bill also permits the CMA to impose monetary sanctions on businesses which are found to be in breach of the law.

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