XM does not provide services to residents of the United States of America.

EU asks Amazon for more info on Digital Services Act compliance



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-EU asks Amazon for more info on Digital Services Act compliance</title></head><body>

Adds comment from Amazon in final three paragraphs

BRUSSELS, July 5 (Reuters) -The European Commission said on Friday it had requesting Amazon AMZN.O provide more information on the measures the U.S. e-commerce giant has taken to comply with its Digital Services Act (DSA) obligations.

"In particular, Amazon is asked to provide detailed information on its compliance with the provisions concerning transparency of the recommender systems (...)," the EU said in a statement.

Amazon must provide the requested information by July 26, it said.

The DST requires Big Tech players to do more to tackle illegal and harmful content on their platforms.

Amazon said it was reviewing the EU's request.

"We are reviewing this request and working closely with the European Commission. Amazon shares the goal of the European Commission to create a safe, predictable and trusted shopping environment," said a spokesperson for Amazon.

"We think this is important for all participants in the retail industry, and we invest significantly in protecting our store from bad actors, illegal content, and in creating a trustworthy shopping experience. We have built on this strong foundation for DSA compliance," added the spokesperson.



Reporting by Benoit Van Overstraeten;
Editing by Jason Neely/Sudip Kar-Gupta

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.