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ARTICLE · 09 JUNE 2026

Horizon Scanner Finance June 2026 - European Developments

Arthur Cox
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The EU Listing Act package introduces sweeping reforms to prospectus requirements, market abuse regulations, and investment research frameworks, with a critical implementation deadline of June 2026. How will these changes affect disclosure obligations for ESG bonds, delayed disclosure regimes, and issuer-sponsored research? As Member States finalize transposition and Level 2 measures remain outstanding, market participants face both opportunities for reduced administrative burdens and challenges in navigati

AfghanistanFinance and Banking
Arthur Cox
Arthur Cox
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EU Listing Act package

June 2026 will see a further tranche of changes introduced by the EU Listing Act package come into force, following a transitional period for certain provisions. We consider some key changes below.

By way of background, the package comprised of:

With regard to the timing envisaged under the EU Listing Act package, which entered into force in December 2024, it should be borne in mind that the Commission published a letter to ESMA (PDF, 123KB) in October 2025 outlining plans to deprioritise the adoption of certain Level 2 measures. Any Level 2 measure deemed “non-essential” for the effective functioning of the related Level 1 acts and the achievement of EU policy objectives will not be adopted before 1 October 2027 (the full list of deprioritised Level 2 measures are as set out in the Annex (PDF, 285 KB) to that letter).

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