Digital Markets
The new digital markets regime is a legal framework containing new functions for the CMA to impose ex ante regulation for digital markets. The exercise of these functions in practice will be overseen by the Digital Markets Unit, an administrative unit of the CMA. The regime builds on the UK’s existing competition legislative framework, of which key sources of law include the Competition Act 1998, the Enterprise Act 2002 and the Enterprise and Regulatory Reform Act 2013. A fuller legislative history of the existing competition legislative framework appears below in the section about the competition provisions in Part 2 of the Act.
	The design of the digital markets regime takes account of the interaction between the new CMA regime and existing functions of other regulators active in digital markets by requiring the CMA to consult those other regulators in certain circumstances where there may be an effect on or in relation to their relevant functions. The relevant functions of other regulators arise under other legislative regimes: the competition functions of the Financial Conduct Authority (in the Financial Services and Markets Act 2000) and the Office of Communications (in the Communications Act 2003); the functions of the Information Commissioner relating to the protection of personal data (under the Data Protection Act 2018 and other enactments); and the functions of the Bank of England relating to its financial stability objective as set out in section 2A of the Bank of England Act 1998.