The EU Commission has published a road map of the evaluation of the Financial Conglomerates Directive (FICOD), as part of its regulatory fitness and performance programme. The evaluation will involve identifying the effectiveness and relevance of FICOD in terms of achieving its objectives and any possible issues will be identified. As part of this evaluation, the EU Commission has stated its intention to publish a consultation paper on the evaluation of FICOD, seeking views on the quantitative and qualitative effects of the implementation of the FICOD, the continuing relevance of the weaknesses identified in the FICOD in the EU Commission's 2012 report on the directive, the current relevance of the FICOD for the current structures of mixed-financial activity groups in the EU market; and the future relevance of the FICOD in the light of changes to the regulatory framework made by CRD IV and Solvency II.