On 12 June 2014, the texts of the Market Abuse Regulation (Regulation 596/2014) (MAR) and Directive on criminal sanctions for insider dealing and market manipulation (2014/57/EU) (CSMAD) (together, MAD II) were published in the Official Journal of the EU.

MAD II was adopted by the Council of the EU on 14 April 2014. The European Parliament adopted MAR at first reading on 10 September 2013 and CSMAD on 4 February 2014.

MAR will enter into force in July 2016, except for certain provisions specified in Article 39, which will come into effect on 2 July 2014. Member states have two years to transpose CSMAD into their national law.

For further information please contact a member of the Financial Regulation team.

Date published: 03 July 2014