Overview

• The Digital Services Act (DSA), initially targeting the largest online platforms, extends its regulations to nearly all online platforms in the EU from Saturday.
• The DSA mandates platforms to remove illegal content swiftly, be transparent about digital ads, and ban ads targeting children.
• Small businesses with fewer than 50 employees and annual revenue under 10 million euros are exempt from the DSA's most stringent requirements.
• The EU has launched investigations into compliance, including a probe into Elon Musk's social media platform X, for potential violations of the DSA.
• Violations of the DSA can result in fines up to six percent of a company's global turnover, with the possibility of banning repeat offenders from the EU.