The Financial Markets Law Committee (FMLC) has published its response to the European Commission’s September 2015 call for evidence on the EU regulatory framework for financial services. The response provides an overview of the issues that the FMLC raised in 2015 concerning inconsistencies between different pieces of EU legislation, EU implementation and its implementation by Member States, including: (i) securitisation risk retention; (ii) securitisation disclosure requirements; (iii) indirect clearing requirements; and (iv) benchmark reform. The FMLC highlights those issues where it believes that appropriate steps have not yet been taken concerning the inconsistencies and unintended effects that it has previously identified.