03:16 PM EDT, 05/24/2024 (MT Newswires) -- Meta Platforms ( META ) has proposed a variation in how it operates its Facebook Marketplace, now offering to limit the use of certain data from all advertisers to assuage concerns previously raised by the UK competition regulator, according to a statement Friday.

The social media giant was under investigation by the UK Competition and Markets Authority over its use of advertising data and had agreed in November to implement systems that would prevent its employees from using such data for product development in competition with advertisers.

The CMA said Meta's proposed changes addressed its competition concerns and that it planned to accept it, pending comments from "interested third parties" that are due by June 14.

Meta did not immediately respond to MT Newswires' request for comments.

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