Borsa Italiana set to simplify its listing rules 23 September 2022Italy Reporter: Jenna Lomax
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Borsa Italiana, part of the Euronext Group, is to simplify its listing rules, in a move intended to benefit companies aiming to raise capital on its regulated market, Euronext Milan.
The amendments to the listing rules of Euronext Milan aim to simplify the requirements for issuers preparing to go public, in an effort to reduce the workload and time for market participants.
Driven by the integration of Borsa Italiana into Euronext, the changes to Euronext Milan’s listing rules align the listing process in Italy with European and global standards.
Essentially, the number of documents to be filed has been reduced and the listing process has been simplified to enhance the overall attractiveness of public listing.
The simplifications are in line with Euronext’s commitment to facilitating access to financing on its venues, for both local and international issuers.
According to Borsa Italiana, the migration of its markets to Euronext’s Optiq technology and single order book will bring further benefits to Italian capital markets, increasing the liquidity and visibility of Italian issuers.
This simplification of rules is fully aligned with Euronext’s strategy to make the listing process as attractive, competitive and efficient as possible in Europe, in particular across the seven listing venues it operates in Amsterdam, Brussels, Dublin, Oslo, Lisbon, Milan and Paris.
The amendments to the Borsa Italiana listing rules will come into force on 3 October 2022.
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