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【Top 10 International CSR Events】No.7 New regulation on EU online platforms comes into effect

2020-01-21GoldenBeeGoldenBee0

Since 2006, we have been selecting and publishing the annual list of top 10 CSR events for 14 years. China Sustainability Tribune presents you the Top 10 International CSR Events in 2019.

NO.7 New regulation on EU online platforms comes into effect
 

On July 31, Regulation on promoting fairness and transparency for business users of online intermediation services entered into force. It is stipulated to regulate the operation of online markets, online booking websites, "app store" and search engines and clarify the obligations of online platforms, in an effort to promote the fairness and transparency of interaction between online platforms and enterprises, and ensure that about 1 million EU enterprises better understand their rights on the ranking of search results, access permission, etc. and effectively solve mutual disputes according to the clear rules. Thereby it contributes to improving the principle of competition, so that consumers can benefit from better quality, lower price and more diversified choices of goods and services. The new regulation will apply to all EU Member States from July 12, 2020.

Reason for listing:

In recent years, Europe has become increasingly tough on tech giants on issues such as taxation, antitrust, privacy and data. With the vigorous development of e-commerce, disputes involving consumers, sellers and third-party platforms have become increasingly thorny. As a regulation addressing the challenges of business relationships in the online platform economy, the new regulation serves as an important milestone in the digital single market as it lays the foundation for future development. Not only will it increase the trust, predictability and legal certainty, but also provide new options available to mediate and resolve disputes between businesses and platforms.

For more information, please click here:

https://ec.europa.eu/digital-single-market/en/news/regulation-promoting-fairness-and-transparency-business-users-online-intermediation-services
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