On October 16, the European Commission determined that X’s online social networking service does not qualify as a core platform service (CPS) under the Digital Markets Act (DMA). This conclusion follows a detailed market...more
10/31/2024
/ Cloud Computing ,
Competition ,
Digital Markets Strategy ,
End-Users ,
EU ,
European Commission ,
Online Advertisements ,
Online Platforms ,
Regulatory Requirements ,
Search Engines ,
Social Media ,
Social Networks ,
Web Browsers
The European Commission’s adoption on 23 October 2024 of the two regulations (Regulations) supplementing the [the Regulation on digital operational resilience for the financial sector Publications Office (europa.eu)] (DORA)...more
10/28/2024
/ Compliance ,
Compliance Dates ,
Digital Services ,
EU ,
European Commission ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
Financial Services Industry ,
Incident Response Plans ,
Member State ,
Regulation Technical Standards (RTS) ,
Risk Management ,
Third-Party Service Provider
In a previous alert, Crypto-Asset Services and Grandfathering Under MiCA: Clarity From ESMA, we noted that the provisions of the Markets in Crypto Assets Regulation (MiCA) governing crypto-asset service providers (CASPs) is...more
In its 18 September 2024 ruling, the General Court of the European Union annulled the €1.5 billion fine that the European Commission had imposed on Google in 2019 for allegedly abusing its dominant position in online search...more
10/4/2024
/ Abuse of Dominance ,
Advertising ,
Antitrust Provisions ,
Competition ,
Contract Terms ,
Corporate Fines ,
Court of Justice of the European Union (CJEU) ,
Digital Marketplace ,
EU ,
European Commission ,
Google ,
Infringement ,
Monopolization ,
Online Advertisements ,
Search Engines ,
Sherman Act ,
Treaty on the Functioning of the European Union (TFEU) ,
Websites
The European Union (EU) Artificial Intelligence Act (AI Act), Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down harmonised rules on artificial intelligence and amending...more
8/12/2024
/ Amended Regulation ,
Artificial Intelligence ,
Broker-Dealer ,
Brokers ,
Compliance Dates ,
Effective Date ,
EIOPA ,
EU ,
EU Directive ,
European Banking Authority (EBA) ,
European Commission ,
European Supervisory Authorities (ESAs) ,
Extraterritoriality Rules ,
Financial Services Industry ,
Insurance Brokers ,
International Harmonization ,
Investment Adviser ,
Lenders ,
Member State ,
Nonbank Firms ,
Retail Investors ,
Third-Party Service Provider
The EU Artificial Intelligence (AI) Act is set to become the world’s first comprehensive regulation on AI. After extensive negotiations, the European Parliament, Commission, and Council reached a political agreement on the AI...more
7/19/2024
/ Artificial Intelligence ,
Compliance ,
Educational Institutions ,
Effective Date ,
EU ,
European Commission ,
European Council ,
European Parliament ,
Immigration Procedures ,
Infrastructure ,
Member State ,
New Legislation ,
Public Servants ,
Risk Mitigation
The Digital Markets Act (DMA) regulation of September 14, 2022, along with the Digital Services Act (DSA) regulation, represents one of the major digital initiatives of the European Union.
Gradually applicable since May 2,...more
3/15/2024
/ Amazon ,
Apple ,
Big Tech ,
Compliance ,
Digital Marketplace ,
EU ,
European Commission ,
Instant Messaging Apps ,
Microsoft ,
New Regulations ,
Online Advertisements ,
Online Marketplace ,
Online Platforms ,
Search Engines ,
Statutory Violations ,
Technology Sector ,
TikTok