On 8 October 2024, the Council formally approved the provisional agreement reached with the European Parliament on the Listing Act Package, a set of measures to make capital markets more attractive for European companies, and in particular for SMEs.
Following the Council's adoption, the different measures of the Listing Act will be published in the Official Journal of the European Union.
The Listing Act aims 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 legislative changes:
- 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).
Members of the Eubelius Capital Markets and Listed Entities team have prepared an in-depth analysis of the main changes to the Market Abuse Regulation and the Prospectus Regulation. Their working paper can be downloaded here.
Eubelius also 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.
