On 30 September 2015, the European Commission published a consultation on a review of the European Venture Capital Funds Regulation (EuVECA Regulation) and the European Social Entrepreneurship Funds Regulation (EuSEF Regulation).

This is also part of the CMU initiative and aims to to review the current performance of the EuVECA Regulation and the EuSEF Regulation and to identify measures that could increase the use of the passports for EuVECAs and EuSEFs. CMU includes revision of the EuVECA Regulation and the EuSEF Regulation in the third quarter of 2016.