Brussels, 29/05/2001 (Agence Europe) - The European Commission is expected, on Wednesday, to adopt two proposals of directive aimed at integrating the European Union financial markets. One concerns the establishment of a European prospectus, a single passport for EU stock markets, while the other is on market abuse. Presented by Commissioner Frits Bolkestein, responsible for internal market policy, they are the first two proposals made in the context of the Lamfalussy report. We recall that the Lamfalussy report suggested the setting in place of a decision-making provision in order to attain integration of financial markets by 2005. According to this mechanism, the framework legislation is adopted according to co-decision procedure, while the rules of implementation are adopted through committee procedure, that is, without the participation of the European Parliament. A first overview of the broad lines of these two proposals of directive was published in the EUROPE bulletin of 14/15 May, p.14.