Successful junior markets have been established in the United Kingdom (London Stock Exchange Junior Market) and Canada (Toronto Stock Exchange Junior Market). In 2009, a junior market was launched in Jamaica. From all reports, it has been very successful. The main feature of a junior market is that it allows investors to place capital into listed SMEs.
Market development is supported by appropriate tax incentives by the government as such exemption from taxes on dividends and share transfers. Some of the criteria for the establishment of a junior market are as follows (the process puts some obligations on the SMEs): –  Companies desirous of listing must do so via an IPO.