The German legislator published a first proposal amending several German financial market laws and regulations pursuant to European regulations (“Entwurf eines Ersten Gesetzes zur Novellierung von Finanzmarktvorschriften auf Grund europäischer Rechtsakte, 1.FiMaNoG) on 8 February 2016. After the European lawmaker initiated regulations to enhance market transparency and investors’ integrity e.g. Directive 2014/57/EU about criminal sanctions on market-manipulations and Regulation No. 596/2014 on market-abuses, the German regulator is adopting these regulations into German law. In particular this regulation will amend standards to prevent market-manipulations in regard of new trading platforms and high-frequency trading. Furthermore the scope of financial instruments subject to this regulation will be extended as well as the surveillance and supervision on commodity derivative markets will be enhanced. There will be also special reporting requirements for issuers and stricter sanctions against insider trading.