"Better Regulation" means designing EU policies and laws so that they achieve their objectives at minimum cost. The Better Regulation agenda seeks to ensure that political decisions are prepared in an open, transparent manner, informed by the best available evidence and backed by the comprehensive involvement of stakeholders. This is necessary to ensure that the Union's interventions respect the overarching principles of subsidiary and proportionality i.e. acting only where necessary and in a way that does not go beyond what is needed to resolve the problem.
Better Regulation covers the whole policy cycle – policy design and preparation, adoption; implementation (transposition, complementary non-regulatory actions), application (including enforcement), evaluation and revision. For each phase of the policy cycle, there are a number of Better Regulation principles, objectives, tools and procedures to make sure that the EU has the best regulation possible. These relate to planning, impact assessment, stakeholder consultation, implementation and evaluation.
The Commission's approach to Better Regulation is outlined in the Better Regulation package of 19 May 2015. It notably includes the communication "Better regulation for better results – An EU agenda", as well as the Better Regulation guidelines and toolbox.