From Better Regulation to "Smart Regulation"

It is too early to say in any detail how the policy will evolve but change is in the air, to judge by Mr Barroso's political guidelines for his next mandate. Smart regulation, a "successor", more advanced, type of better regulation, would contribute to "sound markets in the EU and at global level". It would "protect the consumer, deliver effectively on public policy objectives without strangling economic operators such as SMEs or unduly restricting their ability to compete". Practical steps would include a major review of existing legislation, to remove "bureaucratic processes and unnecessary centralisation" and extended use of impact assessment.
Does anyone have any views on the issue?