The EU Parliament has indicated that the proposed Regulation on insider dealing and market manipulation (MAR) (extending the existing market abuse regime to include instruments trading on MTFs and OTFs, OTC derivative trading and HFT) and the proposed Directive on criminal sanctions for insider dealing and market manipulation (CSMAD) will be considered in its plenary session 19 to 22 November 2012. Together, the proposals are known as MAD II and will replace the Market Abuse Directive (2003/6/EC) (MAD). On 5 July 2012, the Presidency of the Council of the EU published a compromise proposal (dated 4 July 2012) on the proposed MAR. On 25 July 2012 the European Commission published suggested amendments to its proposals for a Regulation on insider dealing and market manipulation (MAR) and a Directive on criminal sanctions for insider dealing and market manipulation (CSMAD) (collectively MAD II). The amendments are intended to bring the manipulation of benchmarks (such as EURIBOR and LIBOR) within the scope of MAD II and to ensure that manipulation of markets becomes a criminal offence.