Euronext has welcomed the entry into force of key provisions of the EU Listing Act, a group of measures reviewing the Prospectus and Market Abuse regimes as well as the rules on the admission of securities to European stock exchanges.

The new European Union listing legislation aims to ease companies’ access to European capital markets, especially small and medium-sized enterprises. It introduces a series of substantive developments that directly increase the attractiveness of European markets for issuers and investors.

Directly applicable changes include: the standard threshold of €12 million, below which a prospectus is not required; the adoption of English as the conventional disclosure language; the creation of a standardised prospectus format replacing national templates; and the reduction of the regulatory burden on listed companies through more proportionate Market Abuse Regulation (MAR) rules. Further national transposition is expected for some parts of the Listing Act, regarding in particular the reduction of the free float requirement to 10%.

In line with the Delegated Acts adopted by the European Commission, and ahead of their entry into force, Euronext releases a set of ready-to-use standardised templates (European IPO Prospectus, European Growth Prospectus and European Follow-on Prospectus), supporting issuers and their advisers in navigating the simplification introduced by the Listing Act.

To streamline admission procedures, Euronext is revising its Information Document, applicable on its MTFs Euronext Growth and Euronext Access, aligning it with the EU Growth Prospectus framework while reducing the document’s length by half.

Euronext is launching the new MyEuronext Digital Platform, providing a single access point for companies seeking listing and their advisors, across all its markets. The platform streamlines admission processes, enhances operational efficiency and reduces execution risk for all stakeholders across products and geographies.

In parallel, Euronext is strengthening its admission framework through earlier and more structured engagement with listing candidates and the use of AI tools to support document review.

Mathieu Caron, Head of Primary Markets at Euronext, commented:

“At Euronext, our priority is to support companies at every stage of their growth journey by facilitating access to capital. With the implementation of the Listing Act, we are simplifying admission procedures and providing standardised templates while also introducing a new digital entry point for issuers and their advisors. Together, these initiatives will make the listing process more efficient and accessible contributing to the continued strengthening of European capital markets.”