Overview

• The law targets companies with 'substantial and entrenched market power' and 'strategic significance.'
• Regulators can fine companies up to 10% of global revenue for non-compliance.
• The bill addresses consumer protection issues like fake reviews, hidden fees, and transparency in subscriptions.
• Companies such as Apple and Google may be forced to allow third-party app stores and fairer competition.
• The law follows a similar EU regulation but allows more tailored requirements for each company.