Key updates for equity capital markets
Simplification and increased attractiveness for listings
In recent years, the Italian and European regulatory frameworks have undergone significant changes aimed at making capital markets more accessible, efficient and competitive.
Recent innovations affect the listing process (Listing Act), the national regulation (Testo Unico della Finanza or TUF reform), and Borsa Italiana rules, with a common purpose: reducing the burden on companies and facilitating market access.
What changes in practical terms?
Listing Act: simplifications and new opportunities
The European package known as the Listing Act introduces a series of measures aimed at facilitating capital raising activities
Testo Unico della Finanza (TUF) reform: modernisation of the national framework
In addition to European initiatives, TUF has undergone a review, introducing simplifications and new governance rules.
Borsa Italiana rules: a streamlined admission process
Borsa Italiana has also implemented significant measures to simplify the admission procedures.
These reforms represent a decisive step towards more dynamic and inclusive capital markets.
Reduced bureaucratic burdens, greater regulatory flexibility, and the introduction of instruments better suited to corporate needs help enhance the attractiveness of listing, particularly for mid-sized companies.
A new phase is thus opening for Italian firms, in which equity markets can be a more concrete and strategic option for supporting growth.
Discover the research conducted by SDA Bocconi that highlights how expanding the Italian stock market to 1000 listed companies and reaching a market capitalization equal to 100% of GDP would produce significant macroeconomic benefits.
In particular, the estimates indicate:
- an increase in GDP growth of +0.95%
- an increase in tax revenues of +2.09%
- a reduction in the unemployment rate of 1.93%
For further details, contact: borsaitalianaprimarymarkets@euronext.com