{"id":1994,"date":"2024-11-14T09:26:00","date_gmt":"2024-11-14T07:26:00","guid":{"rendered":"https:\/\/lexcovery.com\/2024\/11\/directive-eu-2024-2811-of-the-european-parliament-and-of-the-council-of-23-october-2024-amending-directive-2014-65-eu-to-make-public-capital-markets-in-the-union-more-attractive-for-companies-and-to\/"},"modified":"2024-11-14T09:26:00","modified_gmt":"2024-11-14T07:26:00","slug":"directive-eu-2024-2811-of-the-european-parliament-and-of-the-council-of-23-october-2024-amending-directive-2014-65-eu-to-make-public-capital-markets-in-the-union-more-attractive-for-companies-and-to","status":"publish","type":"post","link":"https:\/\/lexcovery.com\/en\/2024\/11\/directive-eu-2024-2811-of-the-european-parliament-and-of-the-council-of-23-october-2024-amending-directive-2014-65-eu-to-make-public-capital-markets-in-the-union-more-attractive-for-companies-and-to\/","title":{"rendered":"Directive (EU) 2024\/2811 of the European Parliament and of the Council of 23 October 2024 amending Directive 2014\/65\/EU to make public capital markets in the Union more attractive for companies and to facilitate access to capital for small and medium-sized enterprises and repealing Directive 2001\/34\/EC (Text with EEA relevance)"},"content":{"rendered":"<p>This Directive aims to make public capital markets in the EU more attractive for companies and facilitate access to capital for small and medium-sized enterprises (SMEs). It amends Directive 2014\/65\/EU (MiFID II) and repeals Directive 2001\/34\/EC.The Directive introduces significant changes to the EU capital markets framework by modifying research unbundling rules, establishing new provisions for issuer-sponsored research, and updating requirements for SME growth markets.The main structural elements include:<\/p>\n<ul>\n<li>New rules on investment research and issuer-sponsored research, including establishment of an EU code of conduct<\/li>\n<li>Modified requirements for SME growth markets and their segments<\/li>\n<li>Updated conditions for admission of shares to trading on regulated markets<\/li>\n<li>Repeal of Directive 2001\/34\/EC and transfer of relevant provisions to MiFID II<\/li>\n<\/ul>\n<p>Key provisions that may be most important for implementation:<\/p>\n<ul>\n<li>Removal of market capitalization threshold for bundling of research payments<\/li>\n<li>Requirement for investment firms to have organizational arrangements ensuring compliance with the EU code of conduct for issuer-sponsored research<\/li>\n<li>Reduction of minimum free float requirement from 25% to 10% for admission to trading<\/li>\n<li>New rules allowing segments of MTFs to apply for SME growth market status<\/li>\n<li>Requirements for issuer non-objection before trading on additional venues<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>This Directive aims to make public capital markets in the EU more attractive for companies and facilitate access to capital for small and medium-sized enterprises (SMEs). It amends Directive 2014\/65\/EU (MiFID II) and repeals Directive 2001\/34\/EC.The Directive introduces significant changes to the EU capital markets framework by modifying research unbundling rules, establishing new provisions for&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"pmpro_default_level":"","footnotes":""},"categories":[13,42],"tags":[],"class_list":["post-1994","post","type-post","status-publish","format-standard","hentry","category-eu-legislation-general-en","category-eu-legislation-important","pmpro-has-access"],"acf":{"patreon-level":0},"_links":{"self":[{"href":"https:\/\/lexcovery.com\/en\/wp-json\/wp\/v2\/posts\/1994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lexcovery.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lexcovery.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lexcovery.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lexcovery.com\/en\/wp-json\/wp\/v2\/comments?post=1994"}],"version-history":[{"count":0,"href":"https:\/\/lexcovery.com\/en\/wp-json\/wp\/v2\/posts\/1994\/revisions"}],"wp:attachment":[{"href":"https:\/\/lexcovery.com\/en\/wp-json\/wp\/v2\/media?parent=1994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lexcovery.com\/en\/wp-json\/wp\/v2\/categories?post=1994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lexcovery.com\/en\/wp-json\/wp\/v2\/tags?post=1994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}