The European Commission published a consultation on CMU action on cross-border distribution of investment funds (UCITS, AIFs, ELTIFs, EuVECAs, EuSEFs) across the EU. The EU Commission's aim is to increase the proportion of funds marketed and sold across the EU. The consultation is part of the EU Commission's September 2015 action plan for CMU and builds on its February 2015 CMU consultation and its September 2015 call for evidence on the EU regulatory framework for financial services. The consultation period closes on 2 October 2016. The EU Commission will use the information it receives as a basis for taking action to address cross-border barriers to distribution of investment funds.