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Recital 10

Recital 10

(10)Member States should be able to introduce, or maintain in force, national provisions that allow companies to adopt or modify MVS structures for purposes other than to seek admission to trading of shares on an MTF. That includes, inter alia, allowing companies to adopt or modify an MVS structure when seeking admission to trading on a regulated market, or ensuring that private companies can adopt or modify MVS structures without intending to request admission to trading of their shares. That also includes cases whereby companies transfer from an MTF to a regulated market, while retaining MVSs. Member States should also be able to prohibit or restrict MVS structures with a view other than to seeking admission to trading of shares on an MTF.

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