SME markets

Impact Green traffic light Low

Other areas to consider

MTFs

Current MiFID rules

N/A

FSA rules

N/A

Proposed changes
Draft Directive
Recital (89), Article 4 (11) and (12),

Article 35

In order to promote SME markets to assist SMEs in obtaining finance, the draft Directive introduces a new definition of SMEs (e.g. a company with an average market capitalisation of less than EUR100,000,000 on the basis of year end quotes for the previous three calendar years), SME growth market and a tailored regime for SME growth markets under the framework of MTFs.