Royal Decree-Legislation 34/2020, of November 17, 2020, on pressing measures to help enterprise solvency and the vitality sector, and on tax issues (RDL 34/2020), printed within the Official State Gazette (BOE) on 18 November 2020, additional extends the time period for the granting of ICO assure amenities regarding industrial paper notes traded on the Spanish Different Mounted Earnings Market (MARF) and introduces amendments to the Spanish Securities Market Legislation.
Extension of the time period for the granting of ICO assure amenities regarding industrial paper notes traded on MARF
The time period for the granting of public assure amenities to fulfill corporations’ liquidity wants, together with these ensures regarding industrial paper notes traded on the Spanish Different Mounted Earnings Market (MARF), is prolonged till 30 June 2021, in keeping with the fourth modification to the European Union’s State Help Short-term Framework. The relevant phrases and circumstances, and the necessities to be met can be decided by a choice of the Council of Ministers.
Amendments to the Securities Market Legislation
On one other notice, with the target of stimulating the depth and liquidity of SME development markets, the edge figuring out the duty for any firm listed on a multilateral buying and selling system, comparable to BME Development (previously often known as the Spanish Different Fairness Market – MAB) to use for its shares to be listed on a regulated market (i.e. at a Spanish inventory alternate),has been elevated from 5 hundred million to 1 billion euros the place the brand new market capitalization threshold is exceeded uninterruptedly for a interval longer than six months.
The CNMV (Spanish Securities Market Fee) might decide the phrases for exemption from the aforementioned obligation for corporations of strictly monetary or funding nature.