2021 Compendium of approaches to improving competition in digital markets
As part of the UK’s G7 presidency, the CMA has published a Compendium of approaches to improving competition in digital markets.
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Details
Developed by G7 and guest competition authorities, the compendium provides an overview of how different authorities are working to promote competition in digital markets. The compendium highlights that there is a high level of commonality in the approaches that authorities are taking to address competition concerns. These include:
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opening investigations, conducting studies, or bringing enforcement actions to address concerns about the exercise of market power of platforms
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strengthening institutional capabilities by developing specialist teams staffed with technical experts or upskilling existing staff
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considering or introducing legislative reforms to either bolster enforcement tools or introduce an ex-ante regulatory regime or both
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ensuring regulatory cooperation both among domestic regulators working across disciplines as well as with foreign counterparts to promote interoperable systems
The intention is for the compendium to be an informative and useful tool for national governments, policy makers, and industry participants, as well as counterpart competition authorities and regulators grappling with similar issues.
The compendium was published at the G7 Digital Competition Enforcers Summit, a 2-day event hosted by the CMA that brought together heads of G7 and guest competition agencies. This work and the Summit come at a seminal point, with the need to address the challenges of digital markets and big tech one of the most important issues facing governments and competition authorities around the world.
Updates of the compendium were published on 12 October 2022 during Germany’s G7 presidency and on 8 November 2023 during Japan’s presidency.
The Group of 7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, as well as the European Union. The UK invited Australia, India, South Africa and South Korea as guests.