(7)Considering that administrative burden and regulatory obstacles constitute a problem for the majority of SMEs and that the Commission targets to reduce by 25 % the burden stemming from reporting requirementsnote, any central register should be set up in such a way as to reduce administrative burden. Good administrative practices, such as those laid down in Regulation (EU) 2018/1724 of the European Parliament and of the Councilnote, may be used as reference for the setting up and operation of the central register at Union level and of the national central registers.
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