EU Omnibus Directive on Consumer Protection
Directive (EU) 2019/2161, known as the Omnibus Directive, modernizes EU consumer protection rules for the digital age. It introduces stricter penalties, enhances transparency for online marketplaces, and extends consumer rights to digital services.
Key Changes
- Increased fines for widespread infringements
- Transparency requirements for online marketplaces
- Extension of consumer rights to digital services
- New rules on personalized pricing and consumer reviews
- Harmonization of remedies for unfair commercial practices
Impact on Businesses
Businesses operating in the EU, especially online platforms, will need to review and update their practices to comply with the new transparency and consumer rights requirements. Failure to comply could result in significant fines based on annual turnover.