The EU Listing Act and UK Prospectus Reform are two different legislative reforms with a common goal: making public capital markets in the UK and EU more accessible and attractive for companies of all sizes, including small- and medium-sized enterprises, seeking to raise capital and list on a stock exchange by reducing the costs and administrative burden of a public listing, whilst maintaining market integrity. A consistent theme in both sets of reforms is the need to create a pragmatic and commercial listing environment which will benefit public companies that nonetheless builds – and maintains – investor confidence in public markets.