EU Proposal on Small Mid-Caps (SMCs): Regulatory Easing and GDPR Update
The European Commission has proposed a new category for Small Mid-Caps (SMCs)—mid-sized companies that previously did not qualify for SME exemptions. An SMC is defined as a company with fewer than 750 employees and either up to €150 million in turnover or up to €129 million in assets. Approximately 38,000 companies in the EU may qualify.
Key Benefits for SMCs:
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Access to existing SME regulatory exemptions, such as simplified obligations under the GDPR.
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Simplified listing requirements, making it easier and cheaper to access capital markets.
The Commission also proposes a GDPR revision to Article 30(5), raising the employee threshold for maintaining Records of Processing Activities (RoPA) from 250 to 750 employees, unless the data processing poses a high risk to individual rights.
The goal is to reduce compliance burdens and support innovation for mid-sized businesses.
More information can be seen on the European Commission website here.
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