| Author (Corporate) | European Commission |
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| Series Details | COM (2018) 331 |
| Publication Date | 24/05/2018 |
| Content Type | Policy-making |
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Summary: Legislative initiative published by the European Commission in May 2018, setting up a new framework to support smal and medium businesses (SMEs) access new sources of funding. Further information: The proposal was put forward to amend Regulation (EU) No 596/2014 (also know as Market Abuse Regulation) and Regulation (EU) 2017/1129 (also known as Prospectus Regulation). It is aimed at reducing the administrative burden and the high compliance costs faced by SME growth market issuers while ensuring a high level of market integrity and investor protection; fostering the liquidity of publicly listed SME shares; facilitating the registration of multilateral trading facilities as SME growth markets. SME access to public markets was identified as one of the European Commission's priorities following the mid-term review of the Capital Markets Union (CMU) Action Plan. A consultation process ran in early 2018, and a draft law was adopted as a result by the European Commission on 24 May 2018. The European Parliament's plenary session adopted a negotiating position on 12 December, followed by the Council of the European Union on 27 February 2019. An informal agreement between the co-legislators on a compromise text for the proposal was reached on 6 March. The Parliament formally endorsed it on 18 April, followed by the Council on 8 November. |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:331:FIN |
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| Subject Categories | Business and Industry |
| Subject Tags | Capital Markets Union [CMU], Financial Services, Small and Medium-sized Enterprises [SMEs] |
| International Organisations | European Union [EU] |
