On 24 April 2024, the European Parliament adopted the following draft legislative texts. These draft texts still need to be formally adopted by the Council of the EU. Following this they will be published in the Official Journal of the EU (OJ).

The draft texts are:

  • Regulation amending Regulations (EU) 2017/1129, (EU) No 596/2014 and (EU) No 600/2014 to make public capital markets in the Union more attractive for companies and to facilitate access to capital for small and medium-sized enterprises.
    • The draft Regulation enters into force on the twentieth day following its publication in the OJ.
    • Certain provisions in Article 1 apply from 15 months or 18 months from the date of entry into force.
    • Member States shall take necessary measures to comply with Article 2 point (14)(a) and point (15) by 18 months from the date of entry into force.
  • Directive 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.
    • The draft Directive enters into force on the twentieth day following its publication in the OJ.
    • Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with the Directive by 18 months from the date of entry into force. They shall apply those provisions from 18 months plus 1 day from the date of entry into force.
  • Directive on multiple-vote share structures in companies that seek the admission to trading of their shares on an SME growth market.
    • The draft Directive enters into force on the twentieth day following its publication in the OJ.
    • Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by two years from the date of entry into force.