Severity: Medium Amendment EU Action required
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
- Published
- Source: eur-lex.europa.eu
- Effective
- Not stated
- Deadline
- Not stated
- Framework: CER Directive
- Directive (EU) 2022/2557 source
- in 14 days
- Indicative European Parliament plenary date for the small mid-caps omnibus, COM(2025) 502, which amends the CER Directive - a forecast, not a fixed date source
Why it matters
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.
What to do
AI-assisted summary of the official document; the official text prevails. Not legal advice.