CAPITAL MARKETS | ESMA launches consultation on Listing Act implications

On 12 December 2024, the European Securities and Markets Authority (“ESMA”), the EU’s financial markets regulator and supervisor, launched a consultation to gather feedback following changes to the Market Abuse Regulation (“MAR”) and the Market in Financial Instruments Directive II (“MiFID II”) introduced by the Listing Act. In line with the objectives of the Listing Act, ESMA’s technical advice aims to ensure that the EU’s regulatory framework promotes better access to public capital markets for European Union companies, especially SMEs, by reducing the administrative burden on listed companies or companies that seek a listing, while ensuring integrity and confidence in capital markets. ESMA will review the feedback received by 13 February and will deliver its technical advice to the European Commission before the 30 April 2025 deadline.

Newsletter n. 103 – January 2025