Part 1

Digital Markets
Chapter 2

Strategic Market Status

Power to designate undertaking as having SMS

Turnover of an undertaking
8
1
This section applies for the purposes of the turnover condition.
2
The total value of the global turnover of an undertaking or group in the relevant period (as defined in section 7(6)) is, subject to regulations under subsection (4), the total value of the turnover of the undertaking or group arising in connection with any of its activities.
3
The total value of the UK turnover of an undertaking or group in the relevant period is, subject to regulations under subsection (4), the total value of the turnover of the undertaking or group—
a
arising in connection with any of its activities, and
b
relating to UK users or UK customers.
4
The Secretary of State may by regulations make provision about how the total value of the global turnover or UK turnover of an undertaking or group in a period is to be estimated for the purposes of the turnover condition.
5
Regulations under subsection (4) may (among other things)—
a
make provision about amounts which are, or are not, to be regarded as comprising the turnover of an undertaking or group;
b
confer on the CMA the power to determine matters specified in the regulations (including the matter mentioned in paragraph (a)).
6
Regulations under subsection (4) are subject to the negative procedure.
S. 8 in force at Royal Assent for specified purposes, see s. 339(2)(c)
S. 8 in force at 1.1.2025 in so far as not already in force by S.I. 2024/1226, regs. 1(2), 2(1)(2)