The European Market Abuse Directive (MAD) and Market Abuse Regulation (MAR) are designed to reduce instances of market abuse, guarantee the integrity of financial markets and increase investor confidence. FIA has worked with members to respond to a number of consultation papers from regulators. The new MAR will apply to a wider range of securities and derivatives. It will cover financial instruments admitted to trading on other trading platforms (MTF and OTF) and related financial instruments. Commodity derivatives and carbon emission allowances will be covered more comprehensively.