The Recycler
  • Biuromax Masthead web banner March 2024
  • G&G Web banner May 2024
  • Katun web banner December 2022 NEW

EU announces SME help plan

February 28, 2019

The European Council has agreed a position to ease access to financial markets for Small and Medium Enterprises (SMEs), and to help them access new sources of funding.

EU ambassadors endorsed the Council’s position on a proposal to give an easier access to SMEs trying to list and issue securities on financial markets, while safeguarding investor protection and market integrity. The initiative concerns specifically “SME growth markets”, a recently introduced category of trading venue dedicated to small issuers. On the basis of this text, the Presidency will start negotiations with the European Parliament on 6 March.

“SMEs are the largest contributor to jobs and growth in Europe,” said Eugen Teodorovici, Minister for Finance of Romania. “However, they greatly depend on bank loans for their funding. That’s why it is crucial to actively help SMEs diversify their financing sources and provide them with a simpler, easier access to capital markets.”

Of the 20 million SMEs in Europe, only 3,000 are currently listed on stock-exchanges. This is partially due to high compliance costs on the one hand and insufficient liquidity on the other. Therefore, the proposed rules aim to reduce the administrative burden and cut red tape faced by smaller companies.

The proposal contains amendments to the market abuse and the prospectus regulations which make the obligations placed on SME growth market issuers more proportionate while preserving market integrity, in particular: A more streamlined administrative burden, “that maintains market integrity and information to investors, in particular as regards reporting obligations as regards persons that have access to price-sensitive information”; and a lighter “prospectus” more suited to SMEs that have already been listed on an SME growth market.

The Parliament voted on its position on SME listing on 7 December 2018. Negotiations between the Council and the Parliament are therefore ready to start.

 

Categories : Around the Industry

Tags : European Council European Union SMBs

  • G&G Big & Bold Web banner January 2024
  • GM Technology Web Ad March 2024
  • Ink Tank Web ad May 2024
  • IR Italiana Web ad January 2021
  • Mito Web advert July 2023
  • Static Control June 2022 Big & Bold Ad
  • TN Core May 2024 Web advert
  • Cartridge Web Banner May 2024
  • Biuromax March 2024 Banner
  • Apex Web Banner April 2024
  • Denner Feb 2024 Web Ad
  • Zhono Web ad March 2024
  • ITP Web ad January 2021
  • PCL May 2024 web banner
  • Altkin Web ad March 2024
  • CET Web ad December 2023
  • HYB Web banner Jan 2024
  • Zhono Web ad March 2024
  • PCL May 2024 web banner
  • Denner Feb 2024 Web Ad
  • ITP Web ad January 2021
  • CET Web ad December 2023
  • Altkin Web ad March 2024
  • HYB Web banner Jan 2024
  • PCL May 2024 web banner
  • HYB Web banner Jan 2024
  • Altkin Web ad March 2024
  • ITP Web ad January 2021
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021