This is the second volume of the book on the Prospectus Directive. The first volume, containing a general report on the Prospectus Directive and national reports from those Member States which had already adapted their legislation, was published by Cambridge University Press in 2008. The purpose of this book is to provide a comprehensive analysis of the European legal framework and the legislation implementing the Prospective Directive in all Member States of the European Union (EU) and the European Economic Area (EEA). Indeed, the Prospectus Directive has been made applicable by Treaty to the EEA, and public offerings of securities in the EEA can, thus, also benefit from the European passport.

The first volume included reports from Belgium, the Czech Republic, Denmark, Estonia, Greece, Hungary, Latvia, Lithuania, Luxembourg, the Netherlands, Poland, Portugal, Slovakia, the United Kingdom and Norway.

Volume II contains reports from the remaining countries of the EU and the EEA, i.e., Austria, Bulgaria, Cyprus, Finland, France, Germany, Ireland, Italy, Malta, Romania, Slovenia, Sweden, Spain, Iceland and Liechtenstein.

In total, volumes I and II contain reports on the implementation of the Prospective Directive in all twenty-seven EU Member States, as well as Iceland, Liechtenstein and Norway. This book is, thus, a useful tool for companies seeking to finance their activities through the issuance of securities to the European public and for their advisers and intermediaries involved in such financings.