Listed Companies

LISTING REGULATION: EU PROSPECTUS REGULATION

The Department of Finance has confirmed the Minister’s decisions regarding the transposition of the EU Listing Regulation, which forms part of the Listing Act package and amends the EU Prospectus Regulation.

From 5 June 2026, the threshold in Ireland for the “total consideration exemption” from the obligation to publish a prospectus will be set at EUR 12,000,000 (an increase from the current Irish threshold of EUR 8,000,000), with issuers availing of this exemption required to publish a "summary prospectus".

Transposition of the Listing Regulation will be led by the Department of Finance with technical assistance provided by the Central Bank and the necessary legislation will be progressed by 4 June 2026.

IRISH TRANSPARENCY REGULATIONS: ESAP ALIGNMENT

The European Single Access Point (ESAP) is expected to become operational from July 2027 as a centralised platform for public financial, non-financial, and sustainability-related information on EU companies and financial products. EU listed entities that are already subject to certain EU reporting obligations will be required to provide information to the designated national collection body.

From 10 July 2026, information disclosed under the EU Transparency Directive will be brought within the ESAP framework and the Irish Transparency Regulations have been amended accordingly, effective from 10 July 2025.

UK DEVELOPMENTS: POATR REGIME

The UK Financial Conduct Authority has published new rules for the public offers and admissions to trading regime, which will replace the current regime under the UK Prospectus Regulation from January 2026.