UK Act of Parliament 2023 United Kingdom

DMCCA 2024

Digital Markets, Competition and Consumers Act 2024

What this means for your business

2 obligations
1 penalties
21 guides
Enforced by
CMA, PRA, PSR
Applies to
United Kingdom
On this page
2 compliance obligations, 21 practical guides across 4 topics
Read full text on legislation.gov.uk

What you must do

2 compliance obligations under this legislation.

Management duties 1

Act on Bank of England directions for your CCP

If you run a central counterparty, the Bank of England can issue you directions to fix financial problems. You must follow those directions, which may involve changing contracts, limiting losses, selling assets or even changing your company structure, and you need to keep records of what you did. The Bank will decide how soon you must act.

Any Person Schedule 11 FCA When the Bank of England gives a written direction to a CCP

Offences and prohibitions 1

Perform a function in breach of a Part‑18 prohibition order

Unlimited fine

If an individual carries out, or agrees to carry out, a function that a regulator has barred them from under a Part‑18 prohibition order, they commit a criminal offence. conviction leads to an unlimited fine (summary conviction in England & Wales, Scotland and Northern Ireland) but no prison term.

Any Person Schedule 10 FCA

Penalties for non-compliance

1 penalty under this legislation. 1 carry an unlimited fine.

Unlimited fine

Perform a function in breach of a Part‑18 prohibition order

Unlimited fine

Summary only Schedule 10 Penalises: Perform a function in breach of a Part‑18 …

Practical guidance

Our guides explain how to comply with the requirements above.

Sector-Specific 10

Consumer rights compliance for traders

Your legal obligations under the Consumer Rights Act 2015 when selling goods, services, or digital content to consumers. …

Avoid unfair trading practices

Your legal obligations to trade fairly with consumers. Covers prohibited misleading actions and omissions, aggressive commercial practices, and …

Distance and off-premises selling requirements

Your legal obligations when selling to consumers online, by phone, by mail order, or at their home. Covers …

Selling food online: labelling and safety requirements

Comply with distance selling rules when selling food online, including providing mandatory food information before purchase, allergen labelling …

Subscription and auto-renewal compliance

Understand the new DMCC Act 2024 rules on subscription contracts. Covers pre-contract information, renewal reminders, easy cancellation requirements, …

Avoid unfair trading practices in retail

Understand unfair trading rules under the Digital Markets, Competition and Consumers Act 2024 (which replaced the CPRs 2008 …

Handle customer complaints and disputes

Set up an effective complaint handling process and understand your obligations around Alternative Dispute Resolution (ADR). Online traders …

Prepare for CMA enforcement action

What to expect if the Competition and Markets Authority or Trading Standards investigates your business for consumer protection …

E-commerce legal compliance checklist

Quick reference checklist for online retailers to audit their e-commerce legal setup against the Consumer Contracts Regulations 2013 …

Write consumer-friendly terms and conditions

How to write consumer contracts that are legally compliant and enforceable. Covers the transparency requirement under the Consumer …

Sections and provisions

101 classified provisions from this legislation.

Duties 3

  • s.14 Reports on FMI sandboxes
  • s.79 Forest risk commodities: review
  • Schedule 11 Central counterparties requiring the parent company

Offences and penalties 2

  • s.23 Digital settlement assets: power to make regulations
  • Schedule 10 Performance of functions relating to financial market infrastructure

Powers 6

  • Schedule 3 New Schedule 6B to FSMA 2000
  • s.13 Testing of FMI technologies or practices
  • s.16 Regulations
  • s.24 Implementation of mutual recognition agreements
  • s.47 Panel reports
  • s.67 Power to amend or repeal certain provisions of FSMA 2000

Definitions 11

  • s.7 Interpretation of Chapter EU directive legislation regulator
  • Schedule 8 Cash access services Cash Current account payment transaction
  • s.8 Designated activities
  • Schedule 9 Wholesale cash distribution wholesale cash distribution cash issuing authority
  • s.10 Central counterparties and central securities depositories: other requirements relevant FMI entity discretionary payment employee
  • s.17 Interpretation regulator Relevant enactment this group of sections
  • s.36 Public consultation requirements statutory panel
  • s.41 Listing Authority Advisory Panel transferable securities
  • s.48 Exercise of FMI regulatory powers FMI entities FMI services FSMA 2000
  • s.80 Interpretation domestic law enactment FCA
  • Schedule 4 FMI Sandboxes

Exemptions 12

  • s.3 Power to make further transitional amendments
  • s.4 Power to restate and modify saved legislation
  • s.5 Power to replace references to EU directives
  • s.6 Restatement in rules: exemption from consultation requirements etc
  • s.15 Permanent implementation of arrangements tested under an FMI sandbox
  • s.29 Review of rules
  • s.33 Effect of rules etc on international trade obligations
  • s.49 Bank of England: rule-making powers
  • s.53 Consultation on rules
  • s.77 Politically exposed persons: money laundering and terrorist financing
  • s.83 Power to make consequential provision
  • s.84 Regulations