Enabling SMEs' access to capital markets
Making it easier for small and medium-sized enterprises (SMEs) to access financing through public markets lies at the heart of the capital markets union – the plan to mobilise capital in Europe. Among the various reasons for going ahead with this union is the fact that existing requirements and listing costs in both regulated and multilateral trading venues continue to be disproportionate to the size and level of sophistication of SMEs. To further respond to this situation, the Commission has proposed adopting a regulation to address the administrative burden placed on SMEs when listing or issuing equity and bonds, with the aim to increase liquidity on SME growth markets. The latter are a new category of multilateral trading facilities, which was established under the Markets in Financial Instruments Directive II. To this end, the proposal provides for targeted amendments to two key pieces of financial services legislation, namely the Market Abuse Regulation (MAR) and the Prospectus Regulation. Following interinstitutional negotiations the co-legislators reached a provisional agreement on the proposal on 6 March 2019, and this is due to be voted in Parliament during the April II plenary session.
Briefing
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Tipo de publicación
Ámbito político
Palabra clave
- ASUNTOS FINANCIEROS
- cotización bursátil
- crecimiento económico
- Derecho de la Unión Europea
- documentación
- ECONOMÍA
- EDUCACIÓN Y COMUNICACIÓN
- emisión de valores
- empresa naciente
- EMPRESA Y COMPETENCIA
- financiación e inversión
- garantía de inversiones
- informe
- instituciones financieras y de crédito
- instrumento financiero
- libre circulación de capitales
- mercado de capitales
- pequeña y mediana empresa
- propuesta (UE)
- situación económica
- sociedad de inversión
- tipos de empresa
- UNIÓN EUROPEA
- valor de renta fija