Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Exclusive: EU mulls new unit with antitrust veterans to enforce tech rules - sources

Published 07/28/2022, 09:08 AM
Updated 07/28/2022, 11:46 AM
© Reuters. FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 17, 2022. REUTERS/Yves Herman/File Photo

By Foo Yun Chee

BRUSSELS (Reuters) - The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech, two people familiar with the matter said.

Such a move could ease concerns that the EU competition watchdog may struggle to get technology giants such as Alphabet (NASDAQ:GOOGL) unit Google, Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Meta and Microsoft (NASDAQ:MSFT) to comply with the Digital Markets Act (DMA).

The landmark rules, agreed in March, will go into force next year. They will bar the companies from setting their own products as preferences, forcing app developers to use their payment systems, and leveraging users' data to push competing services.

The new directorate at the Commission's powerful antitrust arm may be headed by Alberto Bacchiega, director of information, communication and media, in charge of antitrust and merger cases involving the tech, media and consumer electronics industries, one of the people said.

Bacchiega could also be assisted by Thomas Kramler, head of the unit dealing with antitrust cases in e-commerce and data economy, and currently spearheading investigations into Apple and Amazon, the person said.

Both officials are already liasing with those at the Commission's Directorate-General for Communications Networks, Content and Technology which will jointly enforce the DMA, a third person said.

Bacchiega and Kramler could not be reached for comment as they are away on their summer holiday.

The EU executive said it was organising itself internally so that it can enforce the DMA effectively.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"The enforcement of the DMA is estimated to require approximately 80 staff who would be redeployed internally, as appropriate," a spokeswoman said.

"The internal organisation will be based on the relevant expertise of all DGs (directorate-generals) and services involved, and ensure appropriate staffing of the relevant DGs and services," she said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.