Article 1 Subject matter and scope

1.   This Directive lays down common rules on multiple-vote share (MVS) structures in companies that seek admission to trading of their shares on multilateral trading facilities (MTFs), which include SME growth markets, and that do not have any shares that are already admitted to trading on an MTF or a regulated market.

2.   Article 5(4) shall also apply in respect of companies that have an MVS structure and whose shares are already admitted to trading on an MTF.