Ireland's Department of Finance opened a public consultation on how Ireland should exercise the national discretions in the EU Listing Act 2024 package, focusing on prospectus requirements for issuers seeking to list or already listed on public stock exchanges. Views are sought on whether Ireland should set the prospectus exemption threshold at EUR 12,000,000 or EUR 5,000,000, and whether an issuer using the exemption should publish a full prospectus or a summarised version. The Listing Act package introduces technical adjustments to the EU rulebook aimed at streamlining listings and reducing regulatory and compliance costs, while maintaining investor protection and market integrity, with a particular focus on improving incentives for SMEs to access public markets. It comprises a Regulation and two Directives, with the Department of Finance responsible for the Regulation and Directive (EU) 2024/2809, and respondents are also invited to flag any issues with transposition; transposition is required to be concluded by 4 June 2026. The submission window runs until 18 March 2025, and late submissions may not be considered.
Department of Finance (Ireland) 2025-02-04
Ireland's Department of Finance launches consultation on EU Listing Act discretions including a EUR 12,000,000 or EUR 5,000,000 prospectus exemption threshold
Ireland's Department of Finance has launched a public consultation on the EU Listing Act 2024, focusing on national discretions regarding prospectus requirements for stock exchange listings. Key considerations include setting the prospectus exemption threshold at EUR 12 million or EUR 5 million and determining whether issuers should publish a full or summarised prospectus. The Listing Act aims to streamline listings, reduce compliance costs, and enhance SME access to public markets while ensuring investor protection.