SME Growth Market

SME Growth Market

SME Growth Markets refer to a new category of trading venues created by the European Commission laid down in the Markets in Financial Instruments Directive (MiFID II) and implemented into national law in § 48a of the Stock Exchange Act. In SME Growth Markets, at least 50% of all issuers are so-called small or medium-sized enterprises. The aim of the European initiative is to raise the profile and reputation of such markets and to set common EU-wide regulatory standards. In the future, attention will focus on promoting the use of such markets. Reduced costs and less administrative burden should create incentives for SMEs to use these markets. 

Scale has been registered as an SME Growth Market in December 2019.