DIGITAL PLATFORM SHOULD OPERATE ON PRINCIPLES OF REASONABLENESS AND GOOD FAITH

07-09-2021 | 12:06

Antimonopoly regulation is aimed at eliminating barriers to market and non-discriminatory access to key capacities of digital ecosystems

Petr Ivanov, Deputy Head of the FAS Russia, announced at the Eastern Economic Forum the importance of developing the regulator's position on the practices of companies – digital platforms and ecosystems. It will create conditions for the effective development of competition in digital markets.

“Antimonopoly basic approaches to the definition of commodity markets are universal and are fully applicable to digital markets, whose activities are determined by digital ecosystems,” Petr Ivanov stressed.

Today, the FAS Russia actively suppresses violations of antimonopoly legislation on the part of digital platforms and ecosystems: decisions have been made in relation to Google, Apple, Booking and Headhunter.

Besides, the authority's attention is focused on the need to ensure open and understandable rules for the functioning of the market. In this regard, active discussions of the basic principles of conscientious behavior in digital markets are currently taking place at the site of the Expert Council for Information Technologies under the FAS Russia.

The draft principles, developed by the FAS Russia together with the expert community, should ensure that the peculiarities of digital markets and their innovative development are taken into account. The project is aimed at creating an institution of self-regulation in digital markets. It is also designed to prevent unfair behavior towards consumers, competitors and others. All market participants will be able to join it on a voluntary basis. 



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