Realising the benefits of competitive markets: strengthening the Competition Appeal Tribunal
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Realising the benefits of competitive markets: strengthening the Competition Appeal Tribunal
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We are pleased to share with you our briefing on the changes to the consumer protection rules and wider enforcement regime introduced by the Digital Markets, Competition and Consumer Act ("DMCCA"), which received Royal Assent on 24 May 2024.
Whilst the DMCCA has a clear focus on digital markets, the consumer protection rules contained in this new legislation and elsewhere remain applicable to all sectors of the UK economy. The CMA – which has long served as the UK's consumer protection watchdog – will continue to share jurisdiction with the courts when it comes to enforcement. However, the CMA will have significantly expanded powers to take action against companies or individuals which have been found to have infringed the UK's consumer protection regime.
Readers should be aware of the following changes in particular:
It will be very important for all firms which provide their products and/or services to consumers in the UK – not just digital firms – to take heed of the new, more stringent consumer protection rules introduced by the DMCCA. The majority of the DMCCA's provisions in this area are not due to enter into force until later in the year, with some not expected to become effective until spring next year. This will allow companies and/or individuals enough time to conduct a thorough review of their business practices and identify whether any areas thereof should be adjusted accordingly.
The CMA will be publishing detailed guidance in the coming months, which will also shed valuable light as to how these new rules will operate in practice.
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