ESMA Issues Technical Advice to Support Listing Act and Enhance Market Integrity
The European Securities and Markets Authority (ESMA) has issued its technical advice to the European Commission in support of the Listing Act, aiming to simplify listing requirements, facilitate access to public capital markets, and strengthen market integrity across the EU.
The advice addresses key aspects of the Market Abuse Regulation (MAR), including the identification of key moments for public disclosure, the limits to delayed disclosure of inside information, and the methodology for identifying trading venues with significant cross-border activity. In relation to the Markets in Financial Instruments Directive (MiFID), ESMA has reviewed the criteria for multilateral trading facilities, particularly concerning their classification as SME Growth Markets.
The European Commission is expected to adopt the relevant delegated acts by July 2026.
Further details are available on the ESMA website:
