European Union: Entry into force with grace period of regulatory categorization of "gatekeeper" outlined in DMA
Description
Entry into force with grace period of regulatory categorization of "gatekeeper" outlined in DMA
On 1 November 2022, the Digital Markets Act (DMA) outlining thresholds for the designation of companies as "gatekeepers" enters into force with a grace period until 2 May 2023. The Act defines “gatekeepers” as companies providing “a core platform service” (such as browsers, messengers or social media) that operate in three or more member states and have more than 45 million monthly “end users” and 10'000 “business users”. Furthermore, such companies must have a local annual turnover of over EUR 7.5 billion or at least EUR 75 billion of market capitalisation. When a company meets all such criteria, it must notify the EU Commission, submit information on its " gatekeeper " position and provide an audited description of any implemented techniques of consumer profiling.
Original source