ESMA Consultation re format of insider lists

Other consultation papers of interest

Date: 08 April 2025

ESMA recently published a  consultation paper proposing changes to the format for drawing up and updating insider lists, as part of the Listing Act amendments to the Market Abuse Regulation (MAR).

 The Listing Act mandates ESMA to review the Implementing Technical Standards (ITS) on insider lists to extend the simplified format - currently used by issuers on Small and Medium Enterprises (SME) Growth Market - to all issuers. 

 The proposed changes aim at reducing the administrative burden on issuers required to draw up and maintain insider lists under MAR.

The closing date for the consultation is 03 June 2025.

 Details can be found on ESMA’s website: https://www.esma.europa.eu/press-news/esma-news/esma-consults-simplified-insider-list-formats-under-listing-act