This study proposes a consolidated governance system that would serve as a tool for smart Single Market regulation toward 2020 and beyond. It outlines areas for improvement in Single Market regulation through the adoption of performance-based policy concepts; and reviews the scope for making better use of the Single Market governance tools to improve the effectiveness of regulation. The study was prepared for Policy Department A at the request of the Internal Market and Consumer Protection Committee.
EXECUTIVE SUMMARY FOCUS OF THE STUDY
This study builds on previous work commissioned by the European Parliament’s Committee on Internal Market and Consumer Protection (the ‘IMCO Committee’), in particular the ‘Performance-based Policy’ and ‘Contribution of Internal Market and Consumer Policy to Growth’ studies. This study proposes a consolidated system that would serve as a tool for smart Single Market regulation towards 2020 and beyond. It aims to suggest areas for improvement in Single Market regulation based on performance-based policy concepts.
Smart Single Market regulation Many of the elements of a performance-based policy cycle are already in place in Single Market regulation, and the ‘Better Regulation Package’ of 19 May 2015 introduced changes that should improve performance. Nevertheless there is potential for further improvement. This potential can be realised in two ways. First, by transforming Single Market regulation into one consolidated system that follows the structure of an enhanced performance-based policy cycle and maximises information flows within the system. Second, by improving the performance of individual Single Market tools and ensuring that full use is made of the information that is generated by those tools.
Source: European Parliament