The Market Abuse Regulation (MAR) refers to concepts that will be introduced by MiFID II, such as organised trading facilities (OTFs), small and medium-sized enterprise (SME) growth markets, and emission allowances or auctioned products based on them. MAR states that its provisions will not apply to those concepts until 3 January 2017. This was the scheduled date of entry into application of MiFID II. However, on 10 February 2016, the European Commission published a draft directive to delay this by 12 months to 3 January 2018. The Commission has, therefore, also published a draft regulation to amend, amongst other things, MAR, so that its provisions will not apply to the above concepts until 3 January 2018.