The upcoming Circular Economy Act represents a crucial opportunity to address longstanding business challenges through simplification and the strengthening of the Single Market. Its success depends on revising the Waste Framework Directive (WFD) and the Waste Electrical and Electronic Equipment (WEEE) Directive, re-opening some provisions of the Waste Shipment Regulation (WSR) and the Single Market Transparency Directive, promptly adopting secondary legislation under the Packaging and Packaging Waste Regulation (PPWR) and implementing financial flanking measures where necessary.