United Kingdom: Announced CMA draft digital markets competition regime guidance

On 7 November 2024, the Competition and Markets Authority (CMA) announced its draft digital markets competition regime guidance following public consultation, 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 The draft guidance outlines the CMA's approach towards its functions under the Act.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 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.