Government sets out rules for tech giants – Electronics Weekly

The government has set out plans for how the tech regulator will tackle the dominance of major firms.

New ‘fair-play’ rules for the biggest tech firms would make it easier for people to switch between phone operating systems and mean smaller firms are alerted to algorithm changes.

There are plans for fines up to 10 per cent of global turnover for breaches and senior tech bosses will face tough penalties if firms fail to comply with the rules.

A new watchdog would be able to ensure fair prices for content in disputes between powerful platforms and content providers such as news publishers and advertisers.

Small businesses will be protected from predatory practices and consumers will get more choice and control over their online experiences as the government today sets out its final vision for how the new digital markets regulator will boost competition to drive economic growth and innovation.

The majority of UK companies now rely on powerful tech firms to ensure customers find their…

Read Full Story: https://www.electronicsweekly.com/news/business/government-sets-rules-tech-giants-2022-05/

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