Capital market Greece: Modernised with EU-aligned reforms
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Capital market Greece: Modernised with EU-aligned reforms

16. May 2025

The Hellenic Parliament has approved a new bill introduced by the Hellenic Capital Market Commission (HCMC). It brings substantial regulatory updates in line with European Union (EU) directives and international best international practices. The Ecovis consultants know what changes are being made to strengthen the capital market and what companies need to consider.

This reform seeks to enhance transparency, investor protection, and the overall efficiency of the Greek capital market. Among its key provisions are stricter corporate governance requirements, clearer obligations for market participants, and more robust supervisory powers for the HCMC. The bill also aligns domestic regulation with the latest EU financial legislation, such as MiFID II and the European Green Deal initiatives.

Key measures to strengthen the capital market

  • Legislative amendments on securities: A simplified listing process for securities, including foreign issuers
  • Institutional framework for UCITS and alternative investment funds
  • The Introduction of liquidity management tools:
    • swing pricing
    • redemption gates
    • notice periods
  • Enhanced tax deductions for SME listing costs on regulated markets: Reduced interest income tax on listed corporate bonds
  • Strengthening supervisory authorities:
    • Implementation of mystery shopping by the HCMC and the Bank of Greece
    • Mandatory certification for investment service providers
    • Closer cooperation with EU regulatory bodies
  • Legal framework for crypto assets: Establishment of competent authorities in Greece for crypto-asset markets
  • Investor protection and supervision are aligned with EU Regulation 2023/1114
  • Green Bonds: Framework for the categorisation and supervision of European green bonds
  • Tax relief for angel investors and investments in Greece’s Alternative Market
  • SMEs listing on the Athens Stock Exchange will benefit from a substantial reduction on eligible listing-related expenses
Consider how the new regulatory changes impact your capital raising, compliance obligations, or investment strategies. We're here to help.
Dimitrios Leventakis, Managing Partner, Certified Internal Auditor – IBFD Certified Tax Advisor, ECOVIS HELLAS Ltd., Athens, Greece

The new framework is expected to improve investor confidence, attract more foreign investments and contribute to the long-term competitiveness of the Greek financial sector.

For further information please contact:

Dimitrios Leventakis, Managing Partner, Certified Internal Auditor – IBFD Certified Tax Advisor, ECOVIS HELLAS Ltd., Athens, Greece
Email: dimitrios.leventakis@ecovis.com

Vasilis Giamenis, Corporate/Legal Department, ECOVIS HELLAS Ltd., Athens, Greece
Email: corporate.department@ecovis.gr

Contact us

Dimitrios Leventakis
Dimitrios Leventakis
Certified Tax Advisor in Athens
Tel.: +30 210 3645471 / +30 210 3842325
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