NSA response to European Commission consultation on Building a proportionate regulatory environment to support SME listing

March 16, 2018

NSA welcomes the initiative to consult on the question how to build a proportionate regulatory environment to support SME listing and NSA fully agrees upon the importance of SMEs as a key motor of new investment and job creation. Hence, any initiative that supports the development of SME markets is likely positive for the long-term development of the EU economy.

It is important to keep in mind that SME markets vary a lot across the EU and to a large extent they are local by nature. As put forward in the 2017 Springer-Brief report by Elert, Henreksson and Stenkula in “Institutional Reform for Innovations and Entrepreneurship, An Agenda for Europe”, successful reforms in Europe to promote innovation and growth in the EU must consider country differences to be successful. They identify the existence of several different types of market structures in the EU that have evolved into complex entities held together by complementary institutions.

NSA response to the consultation here.