SME Growth Market

SME Growth Markets refer to a category of trading venues created by the European Commission through the Markets in Financial Instruments Directive (MiFID II) and transposed into national law in § 48a of the Stock Exchange Act. In a registered SME Growth Market, at least 50 percent of all issuers are so-called small or medium-sized enterprises (SMEs).

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 future, attention will focus on promoting the use of such markets. Reduced administrative and cost burdens should create incentives for SMEs to use such markets.

The Deutsche Börse segment Scale has been registered as an SME Growth Market since December 2019. 

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