ESMA has published data for the second half of 2010 on the number of prospectuses approved, sent and received in each Member State. The UK approved the most prospectuses by far, followed by Italy, Luxembourg, Germany and Ireland. Germany passported the most prospectuses, closely followed by Luxembourg, while the most were received in the UK, followed by Germany, Austria and Luxembourg. (Source: Report on prospectuses approved and passported – July–December 2010)