Conducive business environment is an important factor for enhancing competitiveness of Malaysia. In realising this initiative, Malaysia Productivity Corporation (MPC) has established a Regulatory Review Department in October 2010 to monitor, review and provide recommendations for smart regulation.  MPC is targeting to substantially reduce the regulatory burden to businesses.  This is indeed no easy task, and a goal of this magnitude involves massive transformation processes across the entire strata of Malaysia’s political, societal and most importantly, economic landscapes.