UK anti-trust regulator to launch two probes under new digital markets powers


FILE PHOTO: 3D printed logos of Apple and Google are pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) - Britain's anti-trust regulator said it would begin two investigations this month using its new powers over the biggest tech firms, which are aimed at stimulating investment, innovation and growth.

The CMA will designate firms as having "Strategic Market Status" (SMS) in relation to a particular digital activity before they can be investigated. The bar for SMS status is high, with only the largest, most influential tech firms affected.

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