United Kingdom: Closed consultation on CMA digital markets competition regime guidance

On 12 July 2024, the Competition and Markets Authority (CMA) closes its public consultation on the draft guidance for the digital markets competition regime, as established by Part 1 of the Digital Markets, Competition and Consumers Act. The draft guidance outlines the CMA's approach towards its functions under the Act. The guidance covers a range of topics, including the criteria for designating firms with Strategic Market Status (SMS), the imposition and variation of conduct requirements on SMS firms, pro-competition interventions, and the CMA's investigatory powers and enforcement strategies.