small and medium-sized enterprise or SME

180(1) (in MAR 5) companies that had an average market capitalisation of less than €200,000,000 based on end-year quotes for the previous three calendar years.

1. [Note: article 4(1)(13) of MiFID]161

(2) [deleted]192(3) (in IFPRU) has the meaning in article 4(1)(128D) of the UK CRR.180