EU Digital Markets Act: First Compliance Deadline Looms on March 7
The EU Digital Markets Act (DMA) has brought significant changes, requiring companies to ensure compliance. The European Commission's Directorate-General for Competition (DG COMP) oversees these measures, with the first deadline looming on March 7. Compliance is complex and time-consuming, but it's crucial for fostering contestability and fairness in the digital market.
Each company's DMA compliance journey is unique, with no one-size-fits-all solution. The Commission acknowledges this, avoiding prescriptive approaches that could hinder designated services. Instead, it encourages proportionate enforcement, ensuring rules are clear and fair for all involved.
Compliance is an ongoing process, starting before the March 7 deadline and continuing afterwards. The Commission will assess each gatekeeper's service uniquely, considering its broader legislative and policy context. This approach respects the principle of proportionality, ensuring fair and just treatment for all.
Companies are currently working on their DMA compliance solutions ahead of the March 7 deadline. The Commission, in turn, will assess these measures proportionately, considering each company's unique service and the broader legislative context. This balanced approach aims to foster a fair and contestable digital market while avoiding unintended consequences.
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