The European Council has agreed and published a compromise proposal on the proposed Regulation on insider dealing and market manipulation.

This follows an earlier Council compromise proposal on MAR published on 1 November 2012.

The MAR proposals and the proposed Directive on criminal sanctions for insider dealing and market manipulation (CSMAD) will revise and replace the Market Abuse Directive (2003/6/EC). Together, the proposals are known as "MAD II".