Listing Act

  • MAR Delayed Disclosure Guidelines: Five New Grounds, Seven Deleted

    ESMA published its final report on the MAR Guidelines on delay in the disclosure of inside information (ESMA74-268544963-1718) on 16 October 2026, completing the ESMA layer of the Listing Act’s rewrite of Article 17 of the Market Abuse Regulation. The revised MAR delayed disclosure guidelines delete seven of the eight legitimate interests in Guideline 1,…

  • CSSF Insider List Templates: Fields Dropped Under ITS 2026/1291

    The CSSF publishes two templates for insider lists under Article 18 of the Market Abuse Regulation (MAR): the general “Template for insider lists and updating insider lists” and the template for issuers of financial instruments admitted to trading on SME growth markets. The legal format behind the CSSF insider list templates is set by Commission…

  • ESMA Prospectus Disclosure Guidelines: The 9 November 2026 Deadline

    ESMA published a full package of prospectus materials on 9 September 2026, and only one part of it is still open for comment. The European Securities and Markets Authority put out a Consultation Paper on updated Guidelines on disclosure requirements under the Prospectus Regulation (Regulation (EU) 2017/1129), revised its Q&As, finalised Guidelines on supplements that…