The EU Commission has published a summary of contributions received to its call for evidence on the EU regulatory framework for financial services launched in 30 September 2015. Following the conclusion of a public consultation, the Feedback Statement sets out how the respondents viewed – the rules affecting the ability of the economy to finance itself, unnecessary regulatory burdens, inconsistencies and gaps in legislation and any unintended consequences of rules. Issues identified include the possibility of the proposed financial transaction tax being a barrier to investment in EU companies, the burdens imposed by the liquidity coverage ratio and the Market Abuse Regulation (in relation to SME growth market issuers) respectively and unequal treatment between real estate and infrastructure. In addition, some respondents felt that the complex regulatory frameworks were a barrier to entry for smaller market participants and some pointed to compliance costs as an issue.