The European Commission has unveiled the Digital Services Act and the Digital Market Act. Under the DSA, organisations could face fines of up to 6% of their annual revenue for violations of the act and 1% penalties for providing “incorrect, incomplete or misleading information” in reporting obligations or failing to “submit to an on-site inspection.” Platforms with at least 45 million users will be required to adhere to the DSA. The Commission has also published a Q&A document for the Digital Services Act.
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