On 12 June 2012, the Presidency of the Council of the EU published a new compromise proposal (dated 11 June 2012) on the proposed Regulation on insider dealing and market manipulation (MAR). Compromise Proposal.
Additions and changes to the previous proposal of 22 May 2012 are shown in mark-up, however, it does not indicate where text in the European Commission’s proposal has been deleted.
The MAR proposal, together with the European Commission’s proposed Directive on criminal sanctions for insider dealing and market manipulation (CSMAD), will revise and replace the Market Abuse Directive (2003/6/EC) (MAD). These proposals are known as “MAD II”.