Section 5: Growth market for small and medium-sized enterprises

The amount of average market capitalisation referred to in Article L. 424-6 is set in Article 77 of Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and definitions of certain terms for the purposes of that Directive.

Without prejudice to Article 78 of the aforementioned Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 and for the application of Article L. 424-7, the multilateral trading facility as a growth market for small and medium-sized enterprises must meet the following conditions: 1° Appropriate criteria are defined for the initial and ongoing admission of issuers’ financial instruments to trading on the system; 2° At the time of the initial…

The Autorité des marchés financiers shall inform the European Securities and Markets Authority without delay when it registers or terminates the registration of a multilateral trading facility as a growth market for small and medium-sized enterprises.