ESMA issues guidance on listing reforms

European SME definition too small, exchanges complain - Global Trading

Market participants are keen to bring more companies under the small and medium enterprise (SME) umbrella, stating that the current €200 million cap is outdated. In its report to the European Commission, the European Securities and Markets Authority’s (ESMA) has issued a series of recommendations to support the goals of the Listing Act. Introduced in November 2024, the listing act was designed with the intention of improving public capital marke…

ESMA issues guidance on listing reforms

Policymakers are seeking to make it easier for companies to go public The post ESMA issues guidance on listing reforms appeared first on Investment Executive.

ESMA Final Report – Technical advice concerning MAR and MiFID II SME GM

On 7 May 2025, the European Securities and Markets Authority (ESMA) issued its Final Report containing technical advice to the European Commission (Commission) on a range of topics related to the legislative changes brought by the Listing Act in respect of the Market Abuse Regulation (MAR) and the part of the Markets in Financial Instruments Directive II (MiFID II) regarding SME growth markets. Background On 14 November 2024, the legislative pac…