The European Parliament has endorsed the political agreement on the Market Abuse Regulation. The agreement constitutes a decisive contribution in the fight against insider dealing and market manipulation, and updates and strengthens the existing framework provided by the Market Abuse Directive in order to keep pace with market developments. Existing rules will be extended to capture abuse on electronic trading platforms and will clearly prohibit abusive strategies through high frequency trading. The manipulation of benchmarks such as LIBOR will be explicitly prohibited, along with abuse across commodity and related derivative markets.