The admission process is composed by three main stages:
- For admission to listing, an Admission Application must be presented to Borsa Italiana pursuant to the Regulation of the Markets Organised and Managed by Borsa Italiana S.p.A.
- Since the MIV is a regulated market, the publication of a Prospectus approved by Consob is required. In case the issuer is based in another EU member state, the Prospectus must be approved by the home country’s competent Authority and ‘passported’ to Italy
- Following the Admission by Borsa Italiana, the Admission procedure shall be completed when Borsa Italiana establishes the market segment and the trading starting date
The amendments include the review of the rules governing alternative funds (AIFs) to be listed on the MIV market (Market for Investment Vehicles). The amendments entered into force on 3 June 2019