Listing Rules

EURONEXT DUBLIN LISTING RULES: IRISH ANNEX

Euronext Dublin have confirmed that, for reports in respect of FY 2024, issuers which are dual listed in both Ireland and the UK should continue to comply with the Irish Corporate Governance Annex and the 2018 UK Corporate Governance Code. The Irish Annex was removed from the revised Euronext Dublin Listing Rules, which came into effect on 1 January 2025.

For financial years commencing or after 1 January 2025, dual-listed issuers reporting against the Revised UK Corporate Governance Code (as required under the UK Listing Rules (UKLR)) will not be required to consider the Irish Annex.

EURONEXT HARMONISED RULE BOOK I

A revised Euronext Harmonised Rule Book I came into effect on 3 March 2025. The rulebook definitions have been amended to reflect the appointment of SIX x-clear as another possible preferred central counterparty for the cash markets.

UKLR: FCA CONSULTATION

The FCA consultation (CP25/2) on further changes to the public offers and admissions to trading regime and to the UKLR closed on 14 March 2025. The proposals include removing the requirement for listing applications for further issuances of securities of a class that has already been admitted to listing. The FCA expects to publish a policy statement and final rules in Summer 2025, with the rules taking effect by early 2026.

The FCA published CP25/4: Quarterly Consultation Paper No. 47, in which it is consulting on amendments to the UKLR regarding related party transactions by closed-ended investment funds.