On June 26, following long running negotiations, the Council of the EU announced a compromise with the European Parliament on the proposed MAR.

The MAR proposal and the European Commission’s proposed Directive on criminal sanctions for insider dealing and market manipulation (CSMAD) will together revise and replace the current Market Abuse Directive.  Inter alia, the proposals broaden the scope of the regulatory framework to cover new trading exchanges and over-the-counter trading.  Press Release.