FILE PHOTO: European Competition Commissioner Margrethe Vestager presents the EU executive’s economic response to the coronavirus epidemic in Brussels, Belgium, March 13, 2020. REUTERS/Johanna Geron/File Photo
BRUSSELS (Reuters) – EU regulators are seeking feedback about a possible new power to investigate businesses and demand changes even when no competition rules have been broken, in a move aimed at stopping companies from abusing their dominance.
The prospective power underlines a European Commission push for a speedier and a more effective antitrust capability and came after a decade-long battle with Google (GOOG.O) which rivals said has not resulted in any effective changes.
The new initiative would be similar to one introduced by Britain’s Competition and Markets Authority three years ago which subsequently led to a shake-up of the UK audit market following an investigation.
The Commission said the new power aims to address gaps in existing competition rules and to…
Source Reuters Tech News
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