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2 Defining regulatory principles

2.7 Platforms Regulation

As an important European law it is also worh mentioning the Regulation (EU) 2019/1150 of the European Parliament and of the Council of 20 June 2019 “on promoting fairness and transparency for business users of online intermediation services”, known as P2B. This regulation applies to online intermediation services (commonly known as “Marketplace”) and the search engine services.

The Regulation imposes certain obligations to the online intermediation services providers, such as the inclusion in the terms and conditions of information on the ranking parameters, clear and transparent description of the terms and conditions and of the ancillary goods and services, limitations regarding termination of the contracts or inclusion of internal complaint-handling systems.