UK introduces DMCCA Law to regulate Big Tech

UK Introduces DMCCA Law to Regulate Big Tech with New Competition Powers - One of the most significant updates to UK competition law in the digital age. The legislation establishes a framework for regulating companies with significant market power in the UK’s digital economy, building on existing European efforts to regulate major technology platforms. Companies must have either global turnover exceeding £25 billion or UK turnover above £1 billion to qualify for “Strategic Market Status” (SMS) designation. The regulatory approach matches similar frameworks being implemented globally, including the EU’s Digital Markets Act, while incorporating provisions specific to the UK market. These requirements may include preventing self-preferencing of products, mandating competitor access to data, requiring interoperability, and ensuring transparency of algorithms.