EU Listing Act – GBIC comments

29 March 2023

In general, GBIC welcomes the proposed amendments to the Prospectus Regulation ((EU) 2017/1129, PR) and to the Market Abuse Regulation ((EU) No 596/2014, MAR) to reduce administrative burdens for all issuers (not only for SMEs). However, to promote the European public market and increase its attractiveness further improvements are necessary in the context of the Capital Markets Union.

On December 7, 2022, the EU Commission has published a proposal for an EU Listing Act. Amendments on the Prospectus Regulation and Market Abuse Regulation are key elements of this proposal. The German Banking Industry Committee has commented on the proposal of the EU Commission on a EU Listing Act.

A. Introductory remarks

The German Banking Industry Committee (GBIC) welcomes the opportunity to provide its view on the European Commission’s proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulations (EU) 2017/1129, (EU) No 596/2014 and (EU) No 600/2014 to make public capital markets in the Union more attractive for companies and to facilitate access to capital for small and medium-sized enterprises (“Listing Act”). In general, GBIC welcomes the proposed amendments to the Prospectus Regulation ((EU) 2017/1129, PR) and to the Market Abuse Regulation ((EU) No 596/2014, MAR) to reduce administrative burdens for all issuers (not only for SMEs). However, to promote the European public market and increase its attractiveness further improvements are necessary in the context of the Capital Markets Union.

Full paper

BDB

© BDB - Bundesverband Deutscher Banken