Public consultation on the exercise of the national discretions in the Listings Act 2024
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From: Department of Finance
- Published on: 4 February 2025
- Open for submissions from: 4 February 2025
- Submissions closed: 18 March 2025
- Last updated on: 12 April 2025
Consultation is closed
The overall objective of the Listing Act is to introduce technical adjustments to the EU rulebook. The amendments reduce regulatory and compliance costs for companies seeking to list or that have already listed on public stock exchanges, with a view to streamlining the listing process, while ensuring an appropriate level of investor protection and market integrity.
This legislative package is at the intersection of enterprise policy and financial services policy, amending financial services and company law rules to provide stronger incentives (via reduced cost and administrative burdens) to SMEs to access funding from listing on public markets.
The Listing Act package consists of a Regulation and two Directives. One of the Directives relates to company law (Multi-Vote Share Structures) and the D/Enterprise, Tourism and Employment is the lead on this file. The Second Directive (EU) 2024/2809 and the Regulation, fall under the remit of the Department of Finance.
The Department would like to invite interested parties to offer their views on the national discretions contained within the Listings package. The questions to that effect are, firstly, should Ireland exercise its discretion and opt for a €12,000,000 or €5,000,000 prospectus exemption threshold? Secondly, Should Ireland exercise its discretion to require an issuer availing of the exemption to publish a full prospectus, or to publish a summarised version instead? Finally, respondents are asked if they have any issues with the transposition of the package they wish to bring to our attention?
The Listings Act was agreed on 23 October 2024 and published in the European Union Official Journal on the 14 November 2024 and the transposition needs to be concluded by 4 June 2026.
Consultation Period
The consultation period will run until 18th March 2025. Submissions received after this deadline may not be considered.
How To Respond
To respond, please visit the Consultation portal.