The European Union has approved major landmark regulations

In the final vote, the European Parliament voted to accept both Digital Services Act (DSA) And Digital Markets Law (DMA) Tuesday. The two related legal entities are intended to address the main issues of some Internet and social media companies. DSA focuses on improving the efficiency and transparency of online content, while DMA focuses on combating anti-competitive company practices.

“For a long time, technology giants have benefited from the lack of regulation.” press release. But there is a new sheriff in town. Both legislative packages passed enormously, with 588 votes in favor, 11 against and 31 abstentions. The DSA count was 539b, 54 against and 30 abstentions.

Not all technology companies fall under the new law. DMA Targets companies With an annual turnover of over 75 billion euros ($ 77 billion) or more than 7.6 billion euros. To be considered a “gatekeeper,” a company must have at least 45 million monthly users in the European Union and 10,000 annual business users. Companies that meet these requirements include Apple, Google, Meta, Amazon and China-based mega-online retailer Alibaba.

These corporations and others are large enough to qualify as “gatekeepers.” It will be prohibited. From selecting or ordering their own services on hardware (for example, Safari as the default browser for iPhones). All pre-installed software must be able to uninstall. It should include things like messaging. Collaborative compatibility In different platforms (for example, iMessage no longer has special features). In addition, DMA limits how companies can track users for advertising purposes without a clear license. According to a parliamentary press release, the ultimate goal of these laws is to “ensure a fair business environment and additional services for consumers.”

DSA is broader and covers medium services such as internet service providers, web hosting services, online platforms and very large online platforms (reaching more than 10% of the EU population) – although A set of different rules Applies to each category.

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All categories of company, for example, must meet new transparency and accountability reporting requirements. However, only the largest online forums should allow users to opt out of advertising and content recommendations algorithms based on “profile” for categories such as race, political opinion or religion. Together, DSA’s package of rules aims to protect against illegal and misleading content posted online, increase the effectiveness of the content, and make companies more accountable for the way their platforms are used.

Companies that violate the DMA face up to 10% of their annual gross income or up to 6% of DSA violations.

DMA will take effect in early 2023. And DSM for the great online platforms and search engines. However, small companies will have a little more time to comply with the Terms of Service. For them, the DSA will start 15 months after it enters the EU’s official journal or in January 2024 (whichever comes later). Years have passed since the law was enacted. The European Commission first recommended that the DSSA and DMA be included December 2020. And big technology companies have been on the lookout since then, releasing them Public Statements Opposing aspects of the new laws.

However, the ability to execute the two purgatory actions is a key question mark. The EU has already enacted a major technology law, such as 2018. General Data Protection Regulation, Which was partially eliminated because the execution system was distorted and fragmented. Theoretically, the DSSA and the DMA, which are considered to be more centralized – are guided by the European Commission itself. FOrcs and Committees. Some are unconvinced that the Commission is neglecting sufficient resources.

“We warned other civil society groups last week that the law could be hampered if the commission does not hire the necessary experts to monitor the operation of the Big Tech market.” OrganizerUrsula Pachl, He told Reuters. In the statement. Time will tell. Europe’s new approach is certainly capable of big technology. Bring it On big changes.