The Council of the EU has published the adopted text of the MAD II legislative package which consists of:

  • the Market Abuse Regulation (MAR); and
  • the Directive on criminal sanctions for market abuse (CSMAD).

Both MAR and CSMAD are expected to be published in the Official Journal of the EU in June 2014.

View Regulation of the European Parliament and of the Council on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC, 16 April 2014

View Directive 2014/57/EU of the European Parliament and of the Council on criminal sanctions for market abuse (Market Abuse Directive), 16 April 2014