On 7 December 2022, the European Commission presented its Listing Act Package, a set of measures to make capital markets more attractive for European companies, and in particular for SMEs. On 1 February 2024, the European Parliament and the Council reached a “provisional agreement” on this package. It is expected that the amendments provided for by this provisional agreement will still be approved before the end of this legislature in June 2024.
The Listing Act aims – through limited technical adjustments – to reduce the costs associated with listing and increase legal certainty for issuers, while preserving a high level of investor protection and market integrity.
The Listing Act includes the following proposals:
- revision of the Prospectus Regulation (2017/1129), the Market Abuse Regulation (596/2014) and the MiFIR (600/2014),
- introduction of a new directive on multiple-vote share structures for issuers to be listed on an MTF, and
- repeal of the Listing Directive (2001/34/EC) and revision of MiFID II (2014/65/EU).
Eubelius had the pleasure of presenting the main changes to the Prospectus Regulation, the Market Abuse Regulation and the Listing Directive to the Belgian Association of Listed Companies (the platform within VBO-FEB for Belgian listed companies). This presentation is available to our clients in our Client Zone.
