Euronext has recently provided clarification8 concerning its authority to take listing measures in the event of a suspension of payments or bankruptcy of an issuing institution. It addresses the consequences and duration of the listing measures and explains the conditions it imposes on an issuing institution with negative shareholders equity in order to prevent listing measures being taken.

In addition, Euronext has amended its policy on two points:

  • return to the official listing is possible on the basis of an approved prospectus or approved semi-annual accounts;
  • this update has a retroactive effect and is therefore also applicable to securities that are subject to a listing measure at the time of publication of this announcement.