That’s the whole point of laws such as this - for the established businesses to thwart upstart competition.
Yes, as most laws these days are designed to do. Kind of a shadow guild system designed to smash the little guy while cutting out exceptions for the big boys. That’s why you see the mega corps getting behind the soul-crushing regulations in the US. I think it was “The Forgotten Man” that discussed the birth of this type of legislation during the New Deal.
George Stigler wrote about this in his 1971 paper The Theory of Economic Regulation. It is here for free.
http://faculty.msb.edu/murphydd/CRIC/Readings/Stigler—Th%20of%20Econ%20Regulation%201971.pdf
This may be nothing new for you but I enjoyed the paper and maybe yo will too.