On 9 August, the European Commission adopted under the written procedure an amended proposal on the "prospectuses" directive, which partly takes into account the opinion issued by the European Parliament on 30 May 2001 on its initial proposal, but which has already given rise to certain criticisms (see EUROPE of 10 August, p. 1 and of 7 August, p. 2). The Commissioner responsible for the single market, Frits Bolkestein, made a point of commenting that the amended proposal takes account of...