The three institutions will improve communication with the public throughout the legislative cycle and, in particular, will jointly communicate the outcome of the ordinary legislative process when they reach an agreement, through joint press conferences or other means deemed appropriate. This agreement complements the following “Better Legislate” agreements and declarations, to which the three institutions remain fully committed: improving regulation is an ongoing priority for the Council. The Council wants better evidence-based legislation and less burdensome and effective governance. In its efforts to make EU legislation “useful,” the Competitiveness Council has repeatedly adopted conclusions aimed at improving regulation. These conclusions were also approved by the European Council. The European Parliament and the Council will ensure that their legislative proposals are better synchronized in the interests of efficiency. In particular, the European Parliament and the Council will compare the indicative timetables for the different phases leading to the final adoption of each legislative proposal. On 15 December 2015, the Commission approved a new inter-institutional agreement entitled `Better Legislation`, which will come into force after the adoption by the three institutions.  This agreement was adopted as part of the Programme for improvement of legislation and will replace the 2003 Inter-Institutional Agreement on The Improvement of Legislation.  In 2016 and 2017, the Commission published two follow-up documents for the Better Legislation Communication.
One of the main objectives of the Convention to Improve Legislation, also known as `better legislation` or `smart regulation`, is to ensure that EU policies and laws achieve their objectives with minimal costs and administrative burdens. This will ensure that policy decisions are prepared in an open and transparent manner, informed by the best available evidence and supported by the full participation of stakeholders. Improved regulation covers the entire cycle of policy development and preparation, adoption, implementation, implementation, evaluation and verification. For each phase of this cycle, there will be specific principles, objectives, instruments and procedures to ensure that the EU has the best possible regulation. The Commission`s annual legislative and working programme will contain, as far as possible, references to the choice of instrument and the legal basis for each action to be presented. The Better Legislation Programme also contains a number of accompanying documents that are directly related to the elements examined by the Council. These documents contain guidelines for better legislation and documents related to the REFIT program. 11. The three institutions will hold a joint press conference to announce the favourable outcome of the legislative procedure in the codecision procedure, once they have reached an agreement, whether it is first reading, second reading or conciliation. At the request, among others, of the European Parliament or the Council, the basic legislative act may include, on a case-by-case basis and depending on the subject, a provision of an additional two months from the notification of a draft agreement to the European Parliament and the Council. During this period, any institution may either propose amendments if it believes that the draft agreement does not meet the objectives set by the legislative authority, or oppose the entry into force of this agreement and, if necessary, ask the Commission to submit a legislative proposal.