SMEs and the Listing Act — what changes
European novelties for SME access to capital markets
— Alessandro Negri della Torre
9-slide carousel on the main interventions of the EU Listing Act (Reg. 2024/2809 and Dir. 2024/2810) and the implications for Italian SMEs: simplified prospectus, exemption thresholds, dual-class shares, secondary-market liquidity regime, MAR deregulation.
Key takeaways
- Prospectus exemption below €12 million over 12 months (national option: €5 million)
- Dual-class shares now allowed in Italy
- MAR lightened for SMEs
- SME IPO window 2026–27