FILE PHOTO: The logo of Google is seen in Davos, Switzerland, January 20, 2020. REUTERS/Arnd Wiegmann/File Photo
BRUSSELS (Reuters) – eu antitrust regulators plan to investigate the matter in relation to the tech industry, according to a European Commission document, seen by Reuters, in a sign of more of the regulatory issues on the horizon for Google, Facebook, Amazon, and other on-line groups.
The document also said that the competition managers were given the ability to regulate the behavior of undertakings in a dominant position, as a precautionary measure, a move that would make to ensure that regulatory actions are too late to repair the damage caused by smaller competitors.
The proposed study is a complement to the other pieces of legislation scheduled for this year, is aimed at curbing the powers of companies holding a dominant position, and to enable European companies to be better, to be able to compete with them, as well as Chinese rivals.
The document said that the research would focus on new and emerging markets that are shaping our economy and society.
The Commission’s arm for the last two decades, several open questions, in sectors ranging from e-commerce, pharmaceutical, financial services, and energy, which in turn resulted in research into individual companies, and heavy fines.
The document is said to be a tougher line was needed in order to be able to deal with certain platforms, which will serve as a large private gate-keepers and the rule-setters, to the market and the information to be, because the competition rules alone are not enough.
“The additional ex-ante regulatory responses may be required in order to ensure contestability and the protection of the interests of the smaller players,” the document said.
The european Commissioner for Competition, Margrethe Vestager, who will have a hard line against Google, Apple, and others are dominant
tech companies, which is due to the presentation of the paper in the next month.
Writing by Foo Yun Chee. Editing by Jane Merriman