EFTA Document EFTA01365240

Emerging Requirements of the European Union. As part of the harmonization of securities markets in Europe. the European Union has adopted a directive known as the Prospectus Directive that regulates offers of securities to the public and admissions to trading to E.U. regulated markets. A directive known as the Transparency Directive which came into force in the European Union at the beginning of 2005 and is required to be implemented by member states by early 2007. will among other things, i