Deeper and fairer international market with a strengthened industrial base/financial services – review of regulatory barriers for SMEs 2017

Mar 09, 2017

According to the action plan on building a capital markets union, the Commission will review the regulatory barriers to admission for small firms to trade on public markets in a number of pieces of EU legislation. The Commission will make use of the new small and medium enterprises (SME) growth markets category to ensure that the revised regulatory environment for SMEs will be taken into account in other pieces of legislation.

SME growth markets were introduced by a legislative package known as MiFID II (Regulation (EU) No 600/2014 and Directive 2014/65/EU on markets in financial instruments). They are a new sub-category of the multilateral trading facility (MFT) tailored to the specific needs of SMEs. From 2017 onwards, they will provide an opportunity for new companies to ready themselves for listing on a larger exchange. Administrative burdens will be reduced. SMEs will have the opportunity to access capital markets more easily.

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