Plans to end gazumping with binding agreements in house sales shake-up

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Plans to end gazumping with binding agreements in house sales shake-up 1 day ago Share Save Add as preferred on Google Rachel Clun, Business reporter and Kevin Peachey, Cost of living correspondent Getty Images Home buyers and sellers can expect an end to "gazumping" in a major shake-up aimed at speeding up housing sales. Legally binding sales agreements will be introduced earlier to stop buyers or sellers walking away at a late stage in the process without a legitimate reason. In England and Wales, buyers can currently be outbid at a late stage of the sale and chains can fall apart months into the process, causing huge frustration for buyers as well as being expensive. Previous attempts to improve the system have had limited success and few of the latest proposed changes will happen immediately. The planned reforms, first announced in October last year , will be introduced at the end of this Parliament in 2029. The changes include home buyers receiving more information abou...

Commission starts first proceedings to specify Apple's interoperability obligations under the Digital Markets Act





Press release 19 September 2024 Brussels.


Today, the European Commission has started two specification proceedings to assist Apple in complying with its interoperability obligations under the Digital Markets Act (‘DMA'). Under the DMA, Apple must provide free and effective interoperability to third party developers and businesses with hardware and software features controlled by Apple's operating systems iOS and iPadOS, designated under the DMA.

The specification proceedings formalise the Commission's regulatory dialogue with Apple on certain specific areas of Apple's compliance with Article 6(7) DMA. Pursuant to Article 8(2) of the DMA, the Commission may, on its own initiative, adopt a decision specifying the measures a gatekeeper has to implement to ensure effective compliance with substantive DMA obligations, such as the interoperability obligation of Article 6(7) DMA.

The first proceeding focuses on several iOS connectivity features and functionalities, predominantly used for and by connected devices. Connected devices are a varied, large and commercially important group of products, including smartwatches, headphones and virtual reality headsets. Companies offering these products depend on effective interoperability with smartphones and their operating systems, such as iOS. The Commission intends to specify how Apple will provide effective interoperability with functionalities such as notifications, device pairing and connectivity.

The second proceeding focuses on the process Apple has set up to address interoperability requests submitted by developers and third parties for iOS and IPadOS. It is crucial that the request process is transparent, timely, and fair so that all developers have an effective and predictable path to interoperability and are enabled to innovate.

Next steps

The Commission will conclude the proceedings within 6 months from their opening. In the course of these proceedings, the Commission will communicate its preliminary findings to Apple, where it will explain the measures the gatekeeper should take to effectively comply with the interoperability obligation of the DMA. A non-confidential summary of the preliminary findings and envisaged measures will be published to enable third parties to provide comments.

These proceedings are without prejudice to the powers of the Commission to adopt a decision establishing non-compliance with any of the obligations laid down in the DMA by a gatekeeper, including the possibility to impose fines or periodic penalty payments.


Background

The DMA aims to ensure contestable and fair markets in the digital sector. It regulates gatekeepers, which are large digital platforms that provide an important gateway between business users and consumers, whose position can grant them the power to create a bottleneck in the digital economy.


On 6 September 2023, the Commission designated Apple's online intermediation service App Store, Apple's operating system iOS, and Apple's web browser Safari as core platform services. On 29 April 2024, the Commission adopted a decision designating Apple's iPadOS, the operating system for tablets, as a core platform service under the DMA. Apple had to fully comply with all DMA obligations for its operating system iOS by 7 March 2024, while the iPadOS has to be compliant by 30 October 2024.

The Commission has published an annual report on the implementation of the DMA and the progress made towards achieving its objectives.


Source:https://ec.europa.eu/commission/presscorner/detail/en/ip_24_4761



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