This is the best summary I could come up with:

The package of laws will also pave the way for more competition in some of the areas most guarded by the tech firms, including Apple Wallet and Google Pay.

The Digital Markets Act (DMA) is the second big package of EU laws to hit tech firms in two months and defines a series of obligations that gatekeepers need to comply with, including not participating in anti-competitive practices.

The DMA aims to undo the gatekeeper or controlling position that large tech companies have commanded in the last 10 years and gives the European Commission the power to conduct market investigations and design remedies if the firms fall out of line.

Brussels intends the laws to open the door to more competition, allowing startups to compete with the giants on a level playing field for the first time.

The tech companies – including Apple, Google and Amazon – have six months to comply with a full list of dos and don’ts under the new laws, after which they could be fined up to 10% of their turnover.

The laws will initially apply to six companies: Alphabet (which owns Google), Amazon, Apple, ByteDance (the owner of TikTok), Meta (Facebook, Instagram and WhatsApp) and Microsoft.

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