OpenLobby.EU
Explore

Euronext

ENX

Euronext is a leading European stock exchange operator and financial infrastructure provider.

Lobbying Activity

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

14 Jan 2026 · MiFIR – market integration and supervision package

Meeting with Jennifer Robertson (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

12 Jan 2026 · Market Integration and Supervision Package

Meeting with Andrea Beltramello (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

8 Jan 2026 · SIU and MISP

Meeting with Valérie Hayer (Member of the European Parliament)

6 Jan 2026 · Union de l'Épargne et des Investissements

Meeting with Fernando Navarrete Rojas (Member of the European Parliament)

16 Dec 2025 · SIU

Meeting with Markus Ferber (Member of the European Parliament)

16 Dec 2025 · Savings and Investments Union

Meeting with Pascal Canfin (Member of the European Parliament) and Federation of European Securities Exchanges

10 Dec 2025 · Market Integration Package

Meeting with Maria Luís Albuquerque (Commissioner) and

22 Oct 2025 · MIFID I-II

Meeting with Aurore Lalucq (Member of the European Parliament)

13 Oct 2025 · SIU

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

24 Sept 2025 · SIU project – market integration

Euronext calls for exemption from duplicate energy trading reports

16 Sept 2025
Topic — EU rules on data reporting for wholesale energy market integrity.
Message — Euronext requests excluding financial instruments already reported under MiFID II from REMIT exposure reporting. They seek an 18-month implementation period and 12-month delay for Article 6. The organization wants clarification that reporting responsibility stays with market participants, not trading platforms.123
Why — This would eliminate duplicate reporting requirements and reduce compliance costs for the exchange.45
Impact — Energy regulators lose independent position data collection, relying instead on shared financial regulator data.6
Read full response

Meeting with Pascal Canfin (Member of the European Parliament)

3 Sept 2025 · Savings & Investments Union

Meeting with Martin Merlin (Director Financial Stability, Financial Services and Capital Markets Union)

25 Jul 2025 · Exchange of views on the SIU workstream

Meeting with Cristina Dias (Cabinet of Commissioner Maria Luís Albuquerque)

24 Jul 2025 · Market developments

Euronext advocates for flexible European retail investment account framework

8 Jul 2025
Topic — The EU is developing a blueprint for cross-border savings and investment accounts.
Message — Euronext proposes a flexible structure aggregating diverse financial instruments in one account. They recommend mandating minimum allocations to European assets to support the economy. Finally, they urge relaxing regulations to make corporate bonds accessible to retail investors.1234
Why — Increased retail trading and new listings would boost Euronext’s market infrastructure revenue.56
Impact — Non-European asset managers may lose market share due to mandatory local quotas.7
Read full response

Meeting with Larisa Dragomir (Cabinet of Commissioner Maria Luís Albuquerque)

3 Jul 2025 · Information exchange with Euronext on cross-border activities.

Meeting with Stéphane Séjourné (Executive Vice-President) and

26 Jun 2025 · Compétitivité; relations USE-UE, CSRD/CS3D, Simplification

Meeting with Maria Luís Albuquerque (Commissioner) and

24 Jun 2025 · Overview of the Paris stock exchange

Response to Savings and Investments Union: Directive fostering EU market integration and efficient supervision

5 Jun 2025

Euronext welcomes the opportunity to comment on Savings and Investment Union and the real need to adopt EU rules to foster market integration and efficient supervision. To unlock the full potential of the EUs 13 trillion in private savings and strengthen its global competitiveness, the European Union must urgently address several fundamental barriers that have led to a fragmented capital market. The most important barriers to address are: 1. Fragmented Supervision and Regulation: The absence of a single rulebook and unified supervision is the single most important obstacle to a real consolidation of the market. A reformed ESMA governance should supervise financial market infrastructures (FMIs) across Europe under a harmonised, risk-based framework. 2. Fragmented Post-Trade Infrastructure: The custody and settlement landscape remains fragmented, increasing costs and complexity and forming an obstacle for cross border trade. Bold consolidation of CSD activities is essential, through a) single supervision, b) the extension of Europes single settlement platform, Target2-Securities, across all EU CSDs, including by facilitating non-euro settlement in the platform, and c) focusing on the quality rather than the quantity of CSD links. 3. Access to Liquidity: Easing cross market access for investors and brokers is essential to unlock further productive investments in the EU economy, along three main dimensions: 1) administratively via harmonized trading venue membership rules and membership passporting, 2) technologically via a Connectivity Ecosystem Map, mapping the market coverage offered by connectivity service providers and brokers and 3) functionally by addressing functional fragmentation in trading by rebalancing the role of dark and bilateral venues. Other priorities include: Promoting equity investment through tax incentives and EU-wide savings products. Simplifying regulation to reduce burdens on listed companies, especially SMEs. A successful SIU depends on a single rulebook, single supervision, integrated post-trade systems and enhanced access to liquidity a competitiveness imperative for Europes future. Attached is our memo which sets out further details of our views and proposals to successfully integrate European markets.
Read full response

Meeting with Billy Kelleher (Member of the European Parliament)

3 Jun 2025 · Stocks Market Regulations

Meeting with Helene Bussieres (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

21 May 2025 · Exchange of views on PRIIPS KIDs

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and NASDAQ and

16 May 2025 · Exchange with trading venues on the integration of EU capital market

Meeting with Maria Luís Albuquerque (Commissioner) and

15 May 2025 · Exchange with Euronext on the SIU

Meeting with Jennifer Robertson (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

23 Apr 2025 · CSDR Refit and SIU

Meeting with Maria Luís Albuquerque (Commissioner) and

15 Apr 2025 · Exchange on the Savings and Investments Union

Meeting with Ugo Bassi (Director Financial Stability, Financial Services and Capital Markets Union)

10 Apr 2025 · EUROFI – Exchanges on regulatory framework

Meeting with Pascal Canfin (Member of the European Parliament)

12 Mar 2025 · Savings & Investments Union

Euronext urges fast action on retail participation and regulatory simplification

7 Mar 2025
Topic — EU consultation on creating a Savings and Investment Union to mobilize capital.
Message — The organization requests two immediate priorities: reallocating savings into investments by increasing retail participation, and regulatory simplification. They call for cross-border investment products with tax incentives, financial literacy training, harmonized retail investor treatment, and ESMA supervision as single regulator.1234
Why — This would create deeper liquidity pools and allow them to operate more efficiently across borders.56
Impact — National supervisors lose authority as ESMA becomes the single regulator for pan-European groups.78
Read full response

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

21 Feb 2025 · Discussion on the MiFIR level 2 measures on RCB

Meeting with Aurore Lalucq (Member of the European Parliament, Rapporteur) and Finance Watch and Centre for European Policy Studies

18 Feb 2025 · Mobilising Private Investment and Building a Genuine Savings and Investment Union (SIU)

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

3 Feb 2025 · UK’s idea for intermittent markets for private equity (also known as PISCES)

Meeting with Billy Kelleher (Member of the European Parliament)

27 Jan 2025 · Savings and investment union

Meeting with Regina Doherty (Member of the European Parliament)

23 Jan 2025 · CMU

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

22 Jan 2025 · MiFIR

Meeting with Stéphane Séjourné (Executive Vice-President) and

17 Jan 2025 · - Simplification - CMU

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and NASDAQ and Federation of European Securities Exchanges

14 Jan 2025 · RTS on equity transparency- negotiated trades

Meeting with Stéphanie Yon-Courtin (Member of the European Parliament) and Insurance Europe and

3 Dec 2024 · Savings and Investments Union

Meeting with Anouk Van Brug (Member of the European Parliament)

3 Dec 2024 · Meeting

Meeting with Regina Doherty (Member of the European Parliament)

23 Oct 2024 · Financial markets

Meeting with Stéphanie Yon-Courtin (Member of the European Parliament)

22 Oct 2024 · Capital Markets Union

Meeting with Irene Tinagli (Member of the European Parliament)

22 Oct 2024 · Courtesy meeting

Meeting with Markus Ferber (Member of the European Parliament)

22 Oct 2024 · Capital Markets Union

Meeting with Nikos Papandreou (Member of the European Parliament)

15 Oct 2024 · CMU

Meeting with Stéphanie Yon-Courtin (Member of the European Parliament) and FIA European Principal Traders Association, part of FIA, Inc.

13 Sept 2024 · Capital Markets Union

Meeting with Stéphanie Yon-Courtin (Member of the European Parliament, Rapporteur)

13 Sept 2024 · Retail Investment Strategy

Meeting with Nathalie Loiseau (Member of the European Parliament)

18 Mar 2024 · Conférence annuelle

Meeting with Stéphanie Yon-Courtin (Member of the European Parliament, Rapporteur)

15 Mar 2024 · retail investment strategy

Meeting with Isabel Benjumea Benjumea (Member of the European Parliament) and Fidelity International and Assogestioni - Italian Investment Management Association

21 Feb 2024 · ECON Files

Meeting with Aurore Lalucq (Member of the European Parliament)

19 Feb 2024 · RIS

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

6 Feb 2024 · Listing Act initiative

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union) and Optiver and

30 Jan 2024 · IFR-IFD, Europe’s capital markets

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur) and Federation of European Securities Exchanges and S&P Global

22 Jan 2024 · BMR

Meeting with Mairead McGuinness (Commissioner) and

22 Jan 2024 · current state of play in equity markets including for Euronext Dublin

Meeting with Kurt Vandenberghe (Director-General Climate Action)

16 Jan 2024 · Sustainable finance : transitioning towards high impact

Meeting with Jonás Fernández (Member of the European Parliament, Rapporteur) and MSCI Limited

19 Dec 2023 · Benchmark Regulation

Response to Regulations specifying criteria and fees for the critical ICT third-party service providers in the financial sector

14 Dec 2023

Euronext welcomes the chance to provide feedback. We support regulations that aim at making Europe fit for the digital age which support an EU-wide harmonised regulatory regime. As a financial market infrastructure operating regulated markets, CSDs and a CCP, supporting the stability of the financial system is a priority as well as having the appropriate cyber resilience to protect the systems underpinning this infrastructure. While we believe there is a need for a coordinated approach on the subject, it is important that supervised entities are able to prepare timely for these implementing measures. In todays practice, financial entities use third-country service providers as a common practice. The designation of Critical Third Party Providers will inevitably also impact the clients of said CTPP. In that respect a timely publication of the criteria and indication of which CTPPs would be designated is essential for the sector to start its preparations. While we acknowledge the time path already agreed in Level 1, article 31, we would strongly urge for transparency on scope with respect to CTPPs as early as possible in order to start preparation processes.
Read full response

Meeting with Mairead McGuinness (Commissioner) and

14 Sept 2023 · CMU, Listing Act, Markets in Financial Instruments Regulation (MiFIR) review

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

5 May 2023 · MiFIR, EMIR

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

27 Apr 2023 · EU capital market developments

Meeting with Johan Van Overtveldt (Member of the European Parliament)

26 Apr 2023 · pending ECON files

Meeting with Aurore Lalucq (Member of the European Parliament, Shadow rapporteur)

13 Apr 2023 · EMIR

Euronext Demands Level Playing Field for Global Benchmark Providers

29 Mar 2023
Topic — Commission review of EU rules for financial benchmarks and third-country regime access.
Message — Euronext urges the Commission to maintain a level playing field between EU and third-country administrators. They argue that the current framework provides sufficient clarity and does not require adjustment. Any regulatory relief granted to foreign providers must also be extended to EU firms.123
Why — This ensures EU providers remain competitive against foreign firms by preventing regulatory arbitrage.4
Impact — Non-EU administrators would lose potential competitive advantages from proposed lighter regulatory requirements.5
Read full response

Meeting with Aurore Lalucq (Member of the European Parliament, Shadow rapporteur)

24 Mar 2023 · EMIR

Response to EMIR Targeted review

20 Mar 2023

Euronext Clearing, a multi-asset clearing house (part of the Euronext group), provides proven risk management capabilities on 14 markets, across a range of trading venues including Euronext Milan, MTS, BrokerTec and Hi-mtf. Asset classes cleared include equities, ETFs, Closed-end Funds, Financial Derivatives, Commodities (Agricultural & Energy) and Fixed income (Cash and Repos markets). Euronext Clearing welcomes the Commissions proposal for a Regulation of the European Parliament and of the Council amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/113 (EMIR 3.0). In order to overcome the structural financial stability concerns related to overreliance on third country CCPs, it is first and foremost necessary to improve the attractiveness of clearing in the EU, by supporting the development of EU domestic capacity. As highly regulated entities, to remain (globally) competitive and able to react to market circumstances, clear and efficient approval processes are critical. Also, an efficient and effective supervisory framework should enable small incremental innovations, ensuring market needs can be met with in an appropriate period. The proposal as it stands considers managing risks as well as the need for innovation. As managers of risk, we believe the current proposals provide the right balance. In the attached position paper we provide our comments on four main areas related to: (i) amendments to EMIR article 15 & 49 authorisation procedures; (ii) supervisory arrangements; (iii) CCP participation requirements; and (iv) intraday variation margin pass-on.
Read full response

Meeting with Aurore Lalucq (Member of the European Parliament, Shadow rapporteur)

9 Mar 2023 · Clearing Package

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union) and Bolsas y Mercados Españoles and Wiener Börse AG

8 Mar 2023 · Transparent markets

Meeting with Aurore Lalucq (Member of the European Parliament)

9 Feb 2023 · MIFID

Meeting with Alfred Sant (Member of the European Parliament)

8 Feb 2023 · MiFIR

Meeting with Nicola Beer (Member of the European Parliament, Shadow rapporteur)

7 Feb 2023 · Financial Market Regulation incl. MIFIR/D

Meeting with Marco Zanni (Member of the European Parliament)

7 Feb 2023 · Capital Markets Union

Meeting with Danuta Maria Hübner (Member of the European Parliament, Rapporteur)

7 Feb 2023 · Meeting on MiFIR

Meeting with Valeria Miceli (Cabinet of President Ursula von der Leyen)

7 Feb 2023 · Euronext shared their concerns in relation to the ongoing negotiations on MIFID/R reviews.

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness), Patricia Reilly (Cabinet of Commissioner Mairead Mcguinness)

24 Jan 2023 · MIFIR review, Listing Act

Meeting with Irene Tinagli (Member of the European Parliament, Committee chair)

19 Oct 2022 · Meeting on Financial Issues

Meeting with Esther De Lange (Member of the European Parliament) and Citadel LLC

5 Oct 2022 · MiFIR/D - APA

Meeting with Eero Heinäluoma (Member of the European Parliament, Shadow rapporteur)

5 Oct 2022 · MiFID

Meeting with Johan Van Overtveldt (Member of the European Parliament, Shadow rapporteur)

29 Aug 2022 · CMU & MiFIR

Meeting with Gert Jan Koopman (Director-General Budget)

17 Jun 2022 · NextGenerationEU

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union) and NASDAQ and

10 Jun 2022 · Consolidated tape

Response to Central securities depositories – review of EU rules

26 May 2022

Euronext Securities, part of the Euronext Group, welcomes the opportunity to share its views on the CSDR REFIT proposal. We believe that this targeted review is warranted to keep the existing CSD EU regulatory framework fit for purpose and make it more effective on the basis of the experience gained during the first implementation phase (2017-2021). We strongly support the intent to improve the regime of: (i) access to commercial bank money, and (ii) the passporting regime for notary and central maintenance services. The revision of these two aspects of the legislation is fundamental to allow domestic CSDs to further develop their cross-border services contributing to strengthening and growth of the market in line with the objectives of the Capital Markets Union (CMU).
Read full response

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness) and London Stock Exchange Group and

26 Apr 2022 · EU Clearing Strategy CCPs

Meeting with Danuta Maria Hübner (Member of the European Parliament, Rapporteur)

9 Mar 2022 · MiFIR Review

Meeting with John Berrigan (Director-General Financial Stability, Financial Services and Capital Markets Union)

9 Mar 2022 · Listing Act initiative, MiFIR review

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

24 Feb 2022 · clearing

Meeting with Irene Tinagli (Member of the European Parliament, Committee chair)

23 Feb 2022 · Meeting on Financial Issues

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

2 Feb 2022 · CSDR REFIT

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

17 Nov 2021 · MiFIR topics

Meeting with Gert Jan Koopman (Director-General Budget)

25 Oct 2021 · Next Generation EU

Meeting with Mairead McGuinness (Commissioner) and

17 Sept 2021 · CMU, consolidated tape

Response to Supervisory fees and fines or penalty payments for DRSPs under ESMA supervision and the criteria for derogation

26 Aug 2021

Euronext would like to express its concerns regarding the draft delegated regulation on DRSP fees and derogations criteria. As iterated previously, in the context of ESMA’s consultation earlier this year, such a delegated act will certainly have a dramatic effect on the nascent DRSP sector. In essence we believe that the fees as suggested are disproportionate as they could potentially create a considerable burden on what is essentially a high risk and associated cost, low margin business. The potential practical consequences of the approach taken on fees are such that could lead to market concentration of APA/ARM service providers, with some of the smaller DRSP providers likely being driven to exit the market as only the largest in scale would be able to operate without incurring ongoing financial losses. There is also a real risk that costs will be passed on to clients which in turn will increase the cost of trading in financial instruments in the EU. Key issues with the proposed approach are included below. Many of these issues have already been raised by Euronext in the context of the ESMA consultation on this topic. However, we consider that ESMA has not fully considered the ramifications of their approach nor has the feedback provided been adequately taken into account. 1. The amount of fees is relatively high compared to the fees currently charged across the EU. The proposed baseline fee by ESMA already covers the not insubstantial amount of EUR 30, 000. Considering the type of activity, which is data driven and automated, we would expect a relatively lower fee. The calculation of fees should better take into account the actual supervisory cost incurred and the minimum fees should be adjusted to more accurately reflect the cost of supervision. 2. Considering the break-even (cost-recovery) for DRSPs and the size of their business, the applicable fees are disproportionately high. We note that ESMA has previously justified this on the basis that the proposed fees are in line with the minimum fees for a range of ESMA’s supervised entities, such as Trade Repositories (TRs) under EMIR and SFTR. However, compared to their income, TR's supervisory fees represent a small percentage of their revenue. The position for DRSPs is very different where the envisaged supervisory fees are much higher in proportion. The principle of equal treatment or non-discrimination requires inter alia that that different situations must not be treated in the same way unless such treatment is objectively justified. In our view, the delegated act breaches this principle by seeking to treat DRSP in the same way as TRs which have a very different business and income stream. In fact, other than both eventually being subject to ESMA supervision, TRs and DRSP are inherently different businesses and therefore it cannot and should not be assumed that the same supervisory fees would be adequate for both. 3. Euronext also takes issue with the correlation between DRSP revenue and ESMA supervisory fees. Although more linked to the DRSP activity that the other criteria, the share of turnover that the revenues of one DRSP represent over the total amount is detached from the individual DRSP activity and escapes its reasonable area of influence. Furthermore, by making the amount of supervisory fees directly linked to revenue, ESMA is creating a barrier for DRSPs to expand and grow their existing businesses. 4. Lastly, we do not believe that requiring separate auditable accounts on APA and ARM services are practical, especially not in the case of group activities. We hope that the concerns set out above will be taken into account and remain at your disposal to provide further details on the above views.
Read full response

Meeting with Gert Jan Koopman (Director-General Budget)

30 Jun 2021 · Next Generation EU (NGEU)

Meeting with Maarten Verwey (Director-General Economic and Financial Affairs)

28 Jun 2021 · Discussion on Capital Markets Union

Meeting with Gert Jan Koopman (Director-General Budget)

7 Jun 2021 · NGEU financing programme

Meeting with Johannes Hahn (Commissioner)

29 Apr 2021 · NGEU borrowing strategy

Meeting with Pascal Canfin (Member of the European Parliament)

6 Apr 2021 · Green Deal

Meeting with Mairead McGuinness (Commissioner)

22 Jan 2021 · Introductory Meeting & equivalence of CSD's after Brexit.

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

5 Nov 2020 · Capital Markets Union , Recovery Package, MIFID II.

Response to Capital markets – research on small and mid-sized companies and fixed income (updated rules in light of the COVID-19 pandemic)

4 Sept 2020

Euronext welcomes the European Commission's proposed draft Delegated Directive on SME Research. We set out our views in the attached memo.
Read full response

Response to Review of the Benchmark Regulation

15 Apr 2020

Please find attached document with the Euronext response to the Benchmark Roadmap consultation
Read full response

Meeting with Valdis Dombrovskis (Executive Vice-President) and

4 Mar 2020 · Capital Markets Union, Markets in Financial Instruments Directive (MiFID II)

Meeting with Olivier Guersent (Director-General Financial Stability, Financial Services and Capital Markets Union)

4 Apr 2019 · MIFID 2 implementation.

Meeting with Valdis Dombrovskis (Vice-President) and

31 Oct 2018 · MiFID/MiFIR, Brexit

Meeting with Olivier Guersent (Director-General Financial Stability, Financial Services and Capital Markets Union)

11 Sept 2018 · Mifid II

Response to EU small listed companies Act

21 Jun 2018

Euronext welcomes the possibility to provide feedback to the European Commission proposals to amend the Delegated Acts under MiFID II with an aim to strengthen the attractiveness of ‘SME Growth Markets’. We fully support the Commission work in the context of the Capital Markets Union Agenda and its goal to strengthen the European economy and ensure easier access to markets for all companies, including growth companies which are the backbone and engine of the economy. In this regard, we welcome both the Level I measures presented by the Commission to encourage SMEs listings and the level II amendments to the Delegated Regulation under MiFID II. Small and medium sized companies are critical to European economic recovery and to accomplishing the EU’s goals of job creation, competitiveness and growth. As the basis for these goals, SMEs require a favourable environment which allows them to meet their financing needs, in particular when accessing markets. Therefore, we support the continuous work of policy makers to ensure a comprehensive strategy on how to boost equity financing at all stages of the funding escalator. The Commission’s proposals to amend MiFID II Delegated Act on SME Growth Market registration conditions (2017/565) have provided additional flexibility for market operators to support both equity and non-equity issuers in the Growth Markets, whilst alleviating them from existing burdensome requirements. Providing flexibility to market operators Euronext fully supports the Commission’s amendments that would grant market operators with greater flexibility by maintaining the threshold of SME Growth Market issuers’ free float requirement within their remits and giving them the possibility to grant exemptions for debt issuers from their requirement to publish half yearly financial reports. Indeed, the Commission proposal to give flexibility to MTF operators to decide on whether or not to exempt debt issuers from the requirement to publish half yearly financial reports enables adaptation to what best supports the development of more liquid bond markets in each local market and would in turn reduce the burden for non-equity issuers to meet these requirements. This complements market operators’ maintained flexibility to decide on the free-float requirements which would enable them to accommodate for specific situations or specific issuers who wish to use the public route to financing in an early stage of growth, when there is no or very limited free-float. Facilitating access for non-equity SMEs to Growth Markets Euronext notably welcomes the change in the definition of an SME Growth Market non-equity issuer. We believe that the proposal which includes a cumulative issuance criterion not exceeding EUR 50 million over a period of 12 months will be better suited to covering the specificities of bonds issuance, rather than applying a total balance sheet or an annual net turnover threshold. Overall, we believe that measures proposed by the European Commission are welcome steps in the right direction and we encourage European as well as national institutions to continue working towards creating the best opportunities for making the SME Growth Markets successful as a place for companies to access capital and create growth. In pursuit of our common objective, Euronext would also like to take this opportunity to put forward additional inputs notably in regards to: 1) the Commission’s proposal to allow market operators to exempt Growth Market non-equity SMEs from publishing half yearly financial report, 2) the market capitalisation threshold for SME Growth Market equity issuers and 3) the inclusion of a tentative market capitalisation criterion.
Read full response

Meeting with Shane Sutherland (Cabinet of Commissioner Phil Hogan)

12 Oct 2017 · Overview of Ongoing and Future Projects

Meeting with Pierre Moscovici (Commissioner)

4 Jul 2016 · Post Brexit financial architecture in Europe

Meeting with Carlos Moedas (Commissioner)

21 Jun 2016 · Innovation on Finance

Meeting with Bernardus Smulders (Cabinet of First Vice-President Frans Timmermans)

16 Jun 2016 · Financial Regulation

Meeting with Jonathan Hill (Commissioner)

11 Mar 2016 · Union de marché des capitaux, Règlementation financière

Meeting with Antonio Lowndes Marques De Araujo Vicente (Cabinet of Commissioner Carlos Moedas), Vygandas Jankunas (Cabinet of Commissioner Carlos Moedas)

26 Feb 2015 · Research and innovation policies

Meeting with Jonathan Hill (Commissioner)

19 Feb 2015 · Markets in Financial Instruments Directive (MiFID)/Capital Markets Union/European Market Infrastructure Regulation (EMIR)

Meeting with Ioana Diaconescu (Cabinet of Commissioner Pierre Moscovici)

20 Jan 2015 · Capital Markets Union initiatives

Meeting with Valérie Herzberg (Cabinet of Vice-President Jyrki Katainen)

17 Dec 2014 · Capital markets union