On January 19, in the auditorium of the Pérez-Llorca law firm together with the Comillas ICAI-ICADE Pontifical University, the third session was held, where practical issues were analyzed that the implementation of two of the the most important European digital regulations of the last decade, the Digital Markets Act (DMA) and the Digital Services Act (DSA), destined to become key pieces of legislation in the field of the Internet.
The adoption of the Digital Markets Act (DMA) and the Digital Services Act (DSA) represents a major transformation for companies, as these two European digital standards have the ability to redefine the balance of power between online digital service providers. and the users. These new laws are intended to create greater trust in the digital marketplace, generate more competition and better protect consumers.
This legislation is currently in the development process and its application will not take place for a few months, but there are already some practical issues that companies must take into account. First, the DMA sets stricter regulation for the largest digital platform providers, known as “trusted platforms.” These trusted platforms are those that have a large influence in the digital market, which means they have a large number of users, a large share of turnover or a large number of digital service providers. These trusted platforms will have to meet certain requirements, such as providing clear information to users about the products and services offered, something that is not always done today.
For digital service providers, the DSA establishes a regulatory framework to ensure that services are safe, reliable and secure for users. This legislation also requires digital service providers to take measures to protect the privacy and personal data of users. This means that digital service providers will have to take steps to ensure that users’ personal data is stored securely and that users can control how their data is used.
Generally speaking, companies will have to prepare to adopt these new security and privacy regulations. This means that digital service providers will have to understand the requirements of the law and ensure that their services comply with all regulations. In addition, these companies will have to ensure that users are well informed about the terms and conditions of the digital services they offer.
Lastly, companies will need to ensure that they are ready for the impact of the DMA and DSA in terms of innovation, competition and behavior change. This means that they must be prepared to adapt to new requirements and work to ensure that digital services are secure for users. These laws could also have an impact on the quantity and quality of digital services offered, which means that companies will have to be prepared to adapt to changes.
In short, the implementation of the DMA and DSA involves a series of practical issues for companies that they must take into account. These new laws have the potential to transform the digital marketplace and create a higher level of trust between users and digital service providers. This means that companies will have to ensure that they are prepared to comply with the requirements of the law and ensure that digital services are secure and protect the privacy of users.
The transcription of this forum was made by Probus, an online platform for legal professionals that allows transcribing, indexing, analyzing and editing content from video or audio recordings of court hearings, arbitrations and statements; that develops a benchmark technology in the legal sector