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Digital Markets, Competition and Consumers Act 2024
Act of the Parliament of the United Kingdom From Wikipedia, the free encyclopedia
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The Digital Markets, Competition and Consumers Act 2024 (c. 13) is an act of the Parliament of the United Kingdom.[1] It amends the Competition Act 1998 and the Enterprise Act 2002.[1]
A government press release described it as an act to "stamp out unfair practices and promote competition in digital markets".[2] The act also introduced significant reforms to the enforcement of consumer protection laws. The act further bans subscription traps, fake reviews and drip pricing.[3][4] Amendments at Third Reading in the House of Lords banned foreign states from having control or influence in the UK media.
The act gives statutory definitions to different things including subscription contracts.[5]
In respect of digital markets regulation, it is the British counterpart to the European Union's Digital Markets Act and empowers the Competition and Markets Authority (which has established a Digital Markets Unit) to regulate firms designated as having "strategic market status".
The bill for the act passed Third Reading in the Lords on 26 March 2024, and received royal assent on 24 May 2024. Other than administrative provisions, it will not come into effect until the Secretary of State signs a commencement order.[6]
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