Improved Access to Capital Markets for SMEs: The EU Listing Act package
On November 14, 2024, the EU Listing Act package was published in the Official Journal of the European Union, marking a significant step forward in the realisation of the Capital Markets Union. This package introduces three legislative acts aimed at:
✅ Simplifying regulatory requirements to access public equity funding
✅ Reducing compliance costs for issuers
✅ Increasing transparency for investors
Key changes include:
- Prospectus Regulation amendments with new exemptions and prospectus types, standardised formats, and shorter IPO timelines
- Market Abuse Regulation updates on disclosure obligations, safe harbours, and managers’ transactions notifications
- MiFID II adjustments to stimulate investment research and reduce the minimum free float requirement
🔹New multiple-vote share structures Directive
Read the full analysis below.
By fostering a more SME-friendly environment, this reform paves the way for stronger, more inclusive capital markets.
Want to know more? Reach out to our Banking & Finance team:
📧 Tom Geudens, Partner (tom.geudens@lydian.be)
📧 Matthias De Cock, Senior Associate (matthias.decock@lydian.be)
📧 Paulien Dezillie, Associate (paulien.dezillie@lydian.be)
