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1

Namibia National Chamber of Commerce & Industry. Small and medium enterprise (SME) development policy. [Windhoek]: The Chamber, 1994.

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2

Canada, ed. Small and medium-sized enterprise (SME) financing in Canada. [Ottawa]: Govt. of Canada, 2002.

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3

Canada. Small and medium-sized enterprise (SME) financing in Canada. Ottawa: Government of Canada, 2002.

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4

Great Britain. Department of Trade and Industry. and Great Britain. SME Statistics Unit., eds. Small and medium enterprise (SME) statistics for the United Kingdom, 1997. Sheffield: DTI, 1998.

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5

Haughton, Graham. The local provision of small and medium enterprise (SME) advice services. Leeds: Centre for Urban Development& Environmental Management, Leeds Polytechnic, 1991.

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6

Great Britain. SME Statistics Unit. and Great Britain. Government Statistical Service., eds. Small and medium enterprise (SME) statistics for the United Kingdom, 1998. [London]: SME Statistics Unit, Dept. of Trade and Industry, 1999.

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7

Great Britain. Department of Trade and Industry., Great Britain. SME Statistics Unit., and Great Britain. Government Statistical Service., eds. Small and medium enterprise (SME) statistics for the United Kingdom, 1998. Sheffield: DTI, 1999.

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8

Great Britain. Department of Trade and Industry. and Great Britain. SME Statistics Unit., eds. Small and medium enterprise (SME) statistics for the United Kingdom, 1996. Sheffield: DTI, 1997.

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9

Mullineux, A. W. Small and medium-sized enterprise (SME) financing inthe U.K.: Lessons from Germany. London: Anglo-German Foundation for the Study of Industrial Society, 1994.

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10

Development of small and medium enterprises in Bangladesh: A study of SME Foundation. Dhaka: Osder Publications, 2010.

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11

1938-, Gooneratne Wilbert, Hirashima Shigemochi, Centre for Development Research (Sri Lanka), Federation of Chambers of Commerce & Industry of Sri Lanka., Friedrich-Naumann-Stiftung, and Small & Medium Enterprise Developers Project., eds. Small and medium enterprise (SME) development in SAARC countries: Challenges and policy reforms. Colombo: Centre for Development Research, 2006.

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12

CBI Small and Medium Enterprise Council. Adding value: The role of EC SME policy : a policy statement by the CBI Small & Medium Enterprise Council. London: Confederation of British Industry, 1995.

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13

Levene, Guy A. The strategic management and operational control of inventory within a small to medium sized enterprise (sme). Manchester: UMIST, 1998.

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14

Industry, Confederation of British, and Pannell Kerr Forster, eds. SME trends report: A survey of small and medium enterprises in manufacturing. London: CBI, 1999.

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15

Competitive SME: Building competitive advantage through marketing excellence for small to medium sized enterprises. London: Kogan Page, 2013.

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16

Reijo, Luostarinen, ed. Globalisation and SME: Globalisation of economic activities and small and medium-sized enterprises (SMEs) development, Finland. [Helsinki, Finland]: Ministry of Trade and Industry, Business Development Dept., 1994.

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17

DG, European Commission Enterprise, ed. The activities of the European Union for small and medium-sized enterprises (SMEs) : SME envoy report. Luxembourg: Office for Official Publications of the European Communities, 2005.

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18

Girija, Chalva Rai B, National Institute of Small Industry Extension Training., and Unesco, eds. SME sector policy perspective: Proceedings of the International Conference on Promotion, Policy, and Sustainability of Micro, Small, and Medium Enterprises, 26-28 August 1998. Hyderabad, India: National Institute of Small Industry Extension Training, 1999.

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19

Ireland. Dept. of Enterprise and Employment. Small business operational programme: (responding to the E.U. Community Initiative concerning the adaptation of small and medium sized enterprises to the single market - the SME Initiative). Dublin: Stationery Office, 1995.

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20

Mela, Mauro. Review of growth enterprise market segment (GEMS) and increasing access to Kenya's capital market by small and medium enterprises (SMES). Nairobi, Kenya: FSD Kenya, 2015.

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21

Birkett, William P. Setting strategic directions in small and medium enterprises: A guide for professional accounting advisors (Pt.1) : SME guide (in 2 parts) with supporting templates on disk (Part 2, Version 1.0). New York: International Federation of Accountants, 2000.

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22

Zhongguo zhong xiao qi ye jing ji fa zhan zhi shu yan jiu bao gao 2005: Research report on China small-& medium-sized enterprise index of economic development (SMEI 2005). Beijing: Ke xue chu ban she, 2008.

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23

Technology transfer to small- and medium-sized enterprises and identifying opportunities for domestic and foreign direct investment in selected sectors: The case of SME clusters in the agro-food and apparel industries. New York: United Nations, 2005.

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24

Organisation for Economic Co-operation and Development., ed. Globalisation and small and medium enterprises (SMEs). Paris: Organisation for Economic Co-operation and Development, 1997.

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25

Organisation for Economic Co-operation and Development., ed. Globalisation and small and medium enterprises (SMEs). Paris: Organisation for Economic Co-operation and Development, 1997.

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26

Zanzibar. Wizara ya Utalii, Biashara, na Uwekezaji., ed. The Zanzibar small and medium enterprises (SMES) development policy. Zanzibar: Revolutionary Government of Zanzibar, Ministry of Tourism, Trade & Investment, 2006.

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27

Kotecha, Ketan, Satish Kumar, Arunkumar Bongale, and R. Suresh. Industry 4.0 in Small and Medium-Sized Enterprises (SMEs). Boca Raton: CRC Press, 2022. http://dx.doi.org/10.1201/9781003200857.

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28

Durst, Susanne, and Thomas Henschel, eds. Crisis Management for Small and Medium-Sized Enterprises (SMEs). Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-030-91727-2.

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29

Boustras, George, and Frank W. Guldenmund, eds. Safety Management in Small and Medium Sized Enterprises (SMEs). Boca Raton : CRC Press, [2018]: CRC Press, 2017. http://dx.doi.org/10.4324/9781315151847.

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30

Anders Jacobsson. SHE management systems for small to medium-sized enterprises. Rugby, Warwickshire, UK: Institution of Chemical Engineers, 2000.

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31

National Taskforce on Development of Small & Medium Enterprises (Bangladesh) and Bangladesh Śilpa Mantraṇālaẏa, eds. Small & medium enterprises (SMEs) development in Bangladesh: A reasoned approach to letting SMEs count : report of the National Taskforce on Development of Small & Medium Enterprises (SMEs). [Dhaka]: Ministry of Industries, Govt. of the People's Republic of Bangladesh, 2004.

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32

Tanzania. Small and medium enterprise development policy. Dar es Salaam: Ministry of Industry and Trade, 2003.

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33

Organisation for Economic Co-operation and Development., ed. OECD small and medium enterprise outlook. Paris: OECD, 2002.

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34

Council, Maharashtra Economic Development. Small and medium enterprises (SMEs) in India: From local strength to global reach. Mumbai: Maharashtra Economic Development Council, 2001.

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35

Ābadura, Rakība. Development of small and medium enterprises (SMEs): Financing from Islamic perspective. Dhaka: Islamic Economics Research Bureau, 2007.

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36

Clifton, N. C. The future of the SME: Can Wales sustain an enterprise culture? Pontypridd: University of Glamorgan, 2000.

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37

Võ, Trí Thành. Integrating small and medium enterprises (SMEs) into the more integrated East Asia. Jakarta]: Economic Research Institute for ASEAN and East Asia, 2010.

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38

ESRC Centre for Business Research, ed. Enterprise challenged: Policy and performance in the British SME sector, 1999-2002. Cambridge: ESRC Centre for Business Research, 2003.

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39

Organisation for Economic Co-operation and Development., ed. Information Technology (IT): Diffusion policies for Small and Medium-Sized Enterprises (SMEs). Paris: Organisation for Economic Co-operation and Development, 1995.

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40

European Foundation for Quality Management., ed. EFQM Excellence model: Small and medium enterprise version. Brussels: European Foundation for Quality Management, 2003.

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41

Canada. Industry Canada. Communications and Marketing Branch. Small and medium-sized enterprise financing in Canada. [Ottawa]: Govt. of Canada, 2003.

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42

Vadiveloo, Jeyaraj. Enterprise risk management for small & medium-sized enterprises. Schaumburg, Illinois: Society of Actuaries, 2015.

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43

European Agency for Safety and Health at Work., ed. Promoting health and safety in European small and medium-sized enterprises (SMEs). Luxembourg: Office for Official Publications of the European Communities, 2004.

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44

European Agency for Safety and Health at Work. Promoting health and safety in European small and medium-sized enterprises (SMEs). Luxembourg: Office for Official Publications of the European Communities, 2003.

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45

Gillie, Simon P. Factoring and the small and medium sized enterprise (SME). Kingston University, 2002.

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46

Kazungu, Brian. Sme Handbook: The Small to Medium Enterprise Business Map. Independently Published, 2020.

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47

Small and medium enterprise (SME) statistics for the United Kingdom. [London]: SME Statistics Unit, Dept. of Trade and Industry., 1985.

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48

Small medium enterprises (SME) issues in Indonesia. Jakarta: Library of Congress Office, 2005.

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49

Elasrag, Hussein. Islamic Finance for Small and Medium Enterprises (SME`s). Independently Published, 2016.

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50

Perrone, Andrea. Small and Medium Enterprises Growth Markets. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198813392.003.0012.

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In accordance with the EU's traditional focus on small and medium-sized enterprises (SME) financing and its more recent attempt to support SME access to capital markets, Directive 2014/65/EU (MiFID II) has introduced the new category of SME Growth Markets (GMs). Aimed at preserving the status quo, in which SMEs prefer second-tier exchange-regulated markets, typically in the form of multilateral trading facilities (MTFs), the MiFID II rules employ a ‘light touch’ approach. Under the new regime SME GMs: (1) constitute an optional feature of the MTF regime intended to result in a ‘specific quality label’, and (2) are subject to the rules established by each Member State as applied by the local national competent authority, within the very broad framework provided by MiFID II. This chapter argues that the MiFID II regulation pertaining to SME GMs represents a missed opportunity, if not a source of potential harm to the capital-raising efforts of SMEs.
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