The EU countries announced last Friday about plans to hold a meeting on November 25, at which it is supposed to work out a common position on limiting the influence of American technology giants. The meeting will discuss two new draft laws - the Digital Markets Act (DMA) and the Digital Services Act (DSA).
The Digital Markets Law contains a list of guidelines and bans for the dominant online market players (companies that control access to data and platforms) - Amazon, Apple, Google, Facebook, etc. The Digital Services Law outlines a range of obligations for technology companies to combat with illegal content on online platforms and interactions with regulatory authorities. There is a system of punishments for violators of the law.
As noted by Reuters, disagreements between the legislators of the EU member states may negatively affect the timing of the adoption of new regulations. Nevertheless, most of the key points of the Law on Digital Services have been agreed, and in preparation for the meeting, the EU countries will discuss the last remaining unresolved issue on November 8: who will regulate the large online platforms.
Ireland currently has the European headquarters of Facebook, Google and Apple through which EU regulatory mechanisms are applied to them. However, some countries would also like to have the same interactions with online giants.
The meeting will discuss a compromise proposed by the French government that would allow the European Commission to regulate large online platforms with more than 45 million annual active users, sources said. With regard to the Law on Digital Markets, according to informed sources, EU member states are likely to propose the European Commission as the sole regulatory body, expanding its staff for this task.
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