How will the Competition and Markets Authority deploy its new powers to regulate digital markets?
The Communications and Digital Committee takes evidence from the Competition and Markets Authority (CMA) in the regulator’s first Committee appearance since taking on powers under the Digital Markets, Competition and Consumers Act (“the Act”) that came into force on 1 January.
Meeting details
At 2:30pm: Oral evidence
Work
Competition and Markets Authority (Non-inquiry session)
Chief Executive Officer at Competition and Markets Authority (CMA)
Senior Director of the Digital Markets Unit (DMU) at Competition and Markets Authority (CMA)
Background
The Act gives the CMA new powers and responsibilities to regulate competition in digital markets and make pro-competition interventions when necessary.
The Committee quizzes the CMA on its readiness to deploy its new powers effectively, including in relation to emerging technologies.
Possible areas for discussion
Possible areas for discussion with witnesses include:
- How the CMA will ensure its approach to regulation catalyses, rather than stifles, growth and innovation in the tech industry.
- Whether the CMA is prepared to implement the new digital markets regime, and how it will coordinate its work with other relevant regulators.
- Lessons the CMA has learned from the EU’s implementation of its Digital Markets Act, and how it will avoid pitfalls such as poor compliance from tech firms and stalled product launches due to regulatory concerns.
- How the CMA will ensure its activities keep pace with emerging technologies, including AI, and how future AI-specific regulation might impact competition in the tech sector.