ESMA has published a list of responses to its November 2015 consultation paper on draft RTS relating to indirect clearing arrangements under EMIR and MiFIR. Respondents include ISDA and the Federation of European Securities Exchanges (FESE). Meanwhile, the Financial Markets Law Committee (FMLC) has published a second paper on issues of legal uncertainty arising in the context of indirect clearing of ETDs under MiFIR. The FMLC responded in October 2015 to an earlier ESMA consultation on the appropriate arrangements for the indirect clearing of ETDs and, according to the second paper, many of the concerns in the FMLC's October 2015 paper relating to the first draft RTS still apply.