European Commission proposes extending mitigating measures to small mid-cap enterprises under CER Directive

Original title: Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directives 2014/65/EU and (EU) 2022/2557 as regards the extension of certain mitigating measures available for small and medium sized enterprises to small mid-cap enterprises and further simplifying measures

The European Commission proposes amendments to Directive 2014/65/EU (MiFID II) and Directive (EU) 2022/2557 (CER) to extend certain mitigating measures currently available to small and medium-sized enterprises (SMEs) to small mid-cap enterprises, and to introduce additional simplifying measures. This proposal aims to reduce regulatory burden for smaller financial market participants while maintaining market integrity and consumer protection standards. The amendments would apply to both investment firms and credit institutions operating in capital markets.

What changed

• Extension of mitigating measures from SMEs to small mid-cap enterprises under both MiFID II and CER Directive frameworks
• Introduction of further simplifying measures for small and mid-cap market participants to reduce regulatory complexity
• Alignment of relief provisions across Directives 2014/65/EU and (EU) 2022/2557 to harmonise requirements for similarly-sized enterprises

Who is affected

Small and medium-sized enterprises (SMEs), small mid-cap enterprises, investment firms, credit institutions, and capital market participants in the EU jurisdiction. Entities operating in the securities and derivatives markets.

Summary generated by a language model; the official text prevails. Not legal advice.