EU · MiFID II · TITLE III REGULATED MARKETS
Article 51a MiFID IISpecific conditions for the admission of shares to trading
Introduced by the Listing Act: regulated markets must require a foreseeable market capitalisation (or, failing that, capital and reserves) of at least EUR 1 million for companies seeking admission of shares, and at least 10% of the share class to be held by the public at admission, with alternative free float tests Member States may allow and rules for fungible shares; the Commission may adjust the thresholds.
Amendments and application dates
| Amending act | Change | Applies from |
|---|---|---|
| Directive (EU) 2024/2811 | Provision inserted; Text inserted | 6 Jun 2026 |
Commentary
No law-firm commentary is linked to this provision yet.
393 more documents relate to MiFID II as a whole without naming an article.
UK counterpart
UK transposition not traced in the FCA Handbook. It may sit in FSMA, the Regulated Activities Order or SI 2017/701, which are not yet mapped.
Version history
- From 6 Jun 2026
Each entry is a consolidated version of the act on EUR-Lex in which this provision appears. The text itself is on the official site.