From the European Agenda on Security facebook page, emphasis mine:

We are proposing to ban the acquisition of the most dangerous semi-automatic weapons by private persons. The remaining semi-automatic firearms used for hunting or sport shooting can still be owned by private persons subject to authorisation.
...
AND OF COURSE WE DO NOT THINK THAT THIS WILL STOP TERRORIST but it is an important step in our EU Agenda on Security.
"No, this won't bother the terrorists, but we need better controls over you troublesome peasants."
Link found here at UK Shooting News, and here's the Facebook page the control freaks use to tell the commoners they ought to behave themselves and stop being troublesome.
It's very instructive: "Yes, we know this won't stop terrorists, but we want more controls over what you'll be allowed to own, so stop causing problems and annoying us."

It's a promising sign how many people are telling them, in more polite terms, "You're full of shit, and we know it."

“Who is going to want to buy an old stupid gun

rather than a smart gun?” Teret asked.
Yeah, who would want their old stupid iron that goes 'Bang' every time instead of a buggy, overcomplicated piece of crap that can't be trusted?

And you'll notice Bloomberg money behind this, along with the company involved being
...Armatix, which works enthusiastically to curry favor from Geneva’s Small Arms Survey and the notoriously anti-gun International Action Network on Small Arms...

And this is in the Dark and Fascist State of New Jersey.  Which has a law that means, even if this is a piece of unreliable crap,  “The law … requires the state’s gun dealers to exclusively sell smart guns within three years after the first one hits the market.”(except for cops, of course, they're exempt); so it doesn't have to be worth crap as long as it's on the market and Bloomberg & Co. can say "No more old-style guns sold within three years."

Oh yeah, it's a threat.  And you think that bastard Christie will have any problem with it?