EU adopts historic rules to regulate digital giants

EU adopts historic rules to regulate digital giants

BRUSSELS (Reuters) – The European Parliament voted on Tuesday landmark rules aimed at regulating digital giants such as Alphabet subsidiary Google, Amazon, Apple, Facebook and Microsoft, but their application could be problematic due to the limited resources of the regulators.

As well as rules known as the Digital Markets Act (DMA), MPs also approved the Digital Services Act (DSA), which requires online platforms to do more to monitor illegal content on the internet .

Companies will be subject to fines of up to 10% of their worldwide annual revenue for violations of the DMA and 6% for violations of the DSA. MEPs and EU member states reached political agreement on both sets of rules earlier this year, but some details remained to be ironed out.

Both sets of rules for big tech companies build on the experience of competition commissioner Margrethe Vestager from investigating these companies. It has set up a working group on DMA, which should be attended by around 80 officials, which critics say is insufficient.

MP Andreas Schwab, who led the dossier in the European Parliament, called for the creation of a larger task force to counter the financial resources of “Big Tech”.

The European Consumers’ Organization (BEUC) echoed the same concerns.

The DMA is expected to force changes in business operations, requiring them to make their messaging services interoperable and provide business users with access to their data.

The DSA prohibits targeted advertising directed at children or based on sensitive data such as claimed racial or ethnic origin, religious belief, political opinion or sexual orientation. Dark patterns, which are tactics aimed at tricking people into giving personal data to online businesses, will also be banned.

(Report Foo Yun Chee, French version Augustin Turpin, edited by Kate Entringer)

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