The Ukraine National Commission on Securities and Stock Market reported that its staff took part in a webinar hosted by Spain's National Securities Market Commission (CNMV) on the development of markets for small and medium-sized enterprises. The session focused on Spain's SME Growth Market, with the Spanish regulator presenting how the market operates and how it is regulated in Spain. The webinar covered the conditions for SMEs to access capital markets, the financial instruments available for trading on the SME Growth Market, tax and other incentives for companies and investors, and requirements for market operators. It also addressed disclosure obligations, MiFID II requirements, and recent changes affecting the listing and trading of financial instruments.