(1)As part of the Listing Act initiative, which aims to make public capital markets in the Union more attractive for companies and to facilitate access to capital for small and medium-sized enterprises (SMEs), Regulation (EU) 2024/2809 of the European Parliament and of the Council 2 introduced two new types of short-form prospectuses aiming to reduce costs and burdens for issuers: the EU Growth issuance prospectus, mainly designed for SMEs and companies listed or to be listed on SME growth markets, and the EU Follow-on prospectus, for secondary issuances of securities by companies already listed on a regulated market or an SME growth market. Those new prospectuses are to be submitted to the European Securities and Markets Authority (ESMA) and published through the storage mechanism referred to in Article 21(6) of Regulation (EU) 2017/1129. Accordingly, the list of the machine-readable data that competent authorities provide to ESMA, laid down in Annex VII to Commission Delegated Regulation (EU) 2019/979 3 , should be updated to include those prospectuses.
Recital 1
Recital 1
- 2 Regulation (EU) 2024/2809 of the European Parliament and of the Council of 23 October 2024 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 ( OJ L, 2024/2809, 14.11.2024, ELI: http://data.europa.eu/eli/reg/2024/2809/oj ). ↩
- 3 Commission Delegated Regulation (EU) 2019/979 of 14 March 2019 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council with regard to regulatory technical standards on key financial information in the summary of a prospectus, the publication and classification of prospectuses, advertisements for securities, supplements to a prospectus, and the notification portal, and repealing Commission Delegated Regulation (EU) No 382/2014 and Commission Delegated Regulation (EU) 2016/301 ( OJ L 166, 21.6.2019, p. 1 , ELI: http://data.europa.eu/eli/reg/2019/979/oj ). ↩