DMU will have power to impose huge fines on tech companies

06/05/2022 | The Guardian

The new Digital Markets Unit (DMU) within the Competition and Markets Authority (CMA) will have the power to award fines of up to 10% of a company's global turnover or 5% of daily global turnover for each day the offence continues. The DMU's purpose is to ensure technology companies such as Google and Facebook don't breach rules intended to protect consumers by increasing the amount of control they have over how their personal data is used, and protecting smaller businesses from predatory practices. A spokesperson for the Department for Digital, Culture, Media and Sport said ministers would introduce legislation in due course to underpin the DMU's powers. However, it is anticipated that the Queen's speech next week will only mention a draft bill.

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