Euronext introduces a new admission framework
On 5 June 2026, the EU Listing Act entered into application across Europe. The legislation reviews the Prospectus and Market Abuse regimes as well as the rules governing the admission of securities to European stock exchanges, with the goal of making it easier, faster and less expensive for companies to access capital markets, particularly SMEs.
Until now, a company seeking to list often had to navigate documentation requirements that differed depending on the country and the exchange. The Listing Act aims to reduce fragmentation, replacing it with shared rules that apply consistently across the EU.
As a long-standing advocate of European capital markets integration, Euronext has played a leading role in the harmonisation of admission procedures. In April 2025, the European Common Prospectus was introduced to accelerate capital market integration and boost IPO activity across the EU. Building on that work, Euronext supports the implementation of the Listing Act and has already moved to apply the new rules through a new admission framework.
Simpler rules and standardised documents
Directly applicable changes include: the standard threshold of €12 million, below which a prospectus is not required; the adoption of English as the conventional disclosure language; the creation of a standardised prospectus format replacing national templates; and the reduction of the regulatory burden on listed companies through more proportionate Market Abuse Regulation (MAR) rules. Further national transposition is expected for some parts of the Listing Act, regarding in particular the reduction of the free float requirement to 10%. ¹
To help companies and their advisers navigate these changes in practice, Euronext has released a set of ready-to-use templates covering an Initial Public Offering, a Growth Prospectus aimed at smaller companies, and a Follow-on Prospectus for companies raising further capital after listing.² To streamline admission procedures, Euronext is revising its Information Document, applicable on its MTFs Euronext Growth and Euronext Access, aligning it with the EU Growth Prospectus framework while reducing the document’s length by half.
One digital entry point: MyEuronext
Euronext is launching the new MyEuronext Digital Platform, providing a single access point for companies seeking listing and their advisors, across all its markets. The platform streamlines admission processes, enhances operational efficiency and reduces execution risk for all stakeholders across products and geographies. In parallel, Euronext is strengthening its admission framework through earlier and more structured engagement with listing candidates and the use of AI tools to support document review.
Want to learn more?
Get in touch with the Euronext Listing team to discuss what the Listing Act means for your specific project.
Companies preparing for a future listing can also join IPOready, Euronext's pre-IPO programme offering training, mentoring and access to capital markets expertise.
¹ Euronext may, in accordance with its Rule Book, set a free float below 25%, subject to a minimum of 5%. Pending national transposition and subject to applicable legislation, Euronext may apply a reduced threshold of 10% to provide greater flexibility for issuers.
² These templates are optional and provided for information only. Issuers may continue to use any other format permitted under the Prospectus Regulation. The templates have not been endorsed, sponsored or approved by any national competent authority or Euronext's College of Regulators. Issuers, offerors and applicants for admission to trading remain solely responsible for compliance with all applicable legal requirements, and the use of a template does not guarantee or expedite prospectus approval, which is still subject to these requirements and the standard review by national competent authorities.