This study assesses the effectiveness, efficiency (focusing on the cost-benefit analysis), relevance, coherence, and EU added-value of certain aspects of the New Legislative Framework (NLF, Decision No 768/2008/EC and Regulation (EC) No 765/2008). The NLF provides a horizontal legal framework to support the development and implementation of EU product legislation. The evaluation offers an informed and evidence-based assessment of the five core evaluation criteria specified in the Better Regulation guidelines (effectiveness, efficiency, relevance, coherence and EU added-value). The study adopts a forward-looking dimension, especially when considering the NLF's ongoing fitness for purpose in light of evolving technological and digitalisation-related developments, the growing tendency towards smart products in an Internet of Things context, and increased regulatory pressures to include an environmental dimension in product legislation. The geographic scope is the EU-27. In delivering the evaluation work, CSIL applies its expertise in undertaking Cost-Benefit Analysis (CBA) following the Better Regulation Guidelines and utilising the Standard Cost Model (SCM).