Developed and up to date by G7 and visitor competitors authorities, the compendium gives an outline of how totally different authorities are working to advertise competitors in digital markets. The compendium highlights that there’s a excessive degree of commonality within the approaches that authorities are taking to handle competitors considerations. These embrace:
opening investigations, conducting research, or bringing enforcement actions to handle considerations concerning the train of market energy of platforms
strengthening institutional capabilities by growing specialist groups staffed with technical consultants or upskilling current workers
contemplating or introducing legislative reforms to both bolster enforcement instruments or introduce an ex-ante regulatory regime or each
guaranteeing regulatory cooperation each amongst home regulators working throughout disciplines in addition to with overseas counterparts to advertise interoperable methods
working to establish and perceive rising applied sciences and contemplate points which will increase competitors considerations sooner or later
The intention is for the compendium to be an informative and great tool for nationwide governments, coverage makers, and business contributors, in addition to counterpart competitors authorities and regulators grappling with related points.
The up to date compendium was revealed on 8 November 2023 on the G7 Joint Competitors Enforcers and Policymakers Summit collectively hosted the Japan Honest Commerce Fee (JFTC), in cooperation with the Secretariat of the Headquarters for Digital Market Competitors of the Cupboard Secretariat (HDMC). The CMA, DSIT and DBT attended the Summit, the place discussions targeted points together with enforcers’ priorities, challenges and approaches in digital markets and up to date updates on coverage initiatives and frameworks for digital competitors.
The Group of seven international locations are Canada, France, Germany, Italy, Japan, the UK and the US, in addition to the European Union. The UK invited Australia, India, South Africa and South Korea as company in 2021. They’ve continued to contribute updates to the compendium.