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UK's internet watchdog finalizes first set of rules for Online Safety law | TechCrunch

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Ofcom publishes first set of final guidelines for online service providers subject to the Online Safety Act .

Regulator has outlined measures for user-to-user and search services to reduce risks associated with illegal content.

More than 100,000 tech firms could be in scope of the law’s duties to protect users from a range of illegal content types.

Failure to comply risks fines of up to 10% of global annual turnover (or up to 18 million ).

Ofcom ’s policy statement is just the start of it actioning the legal requirements.

Regulator still working on further measures and duties in relation to other aspects of the law.

More substantive child safety-related changes to platforms may not filter through until later in the year .