CHAPTER IX

TRANSITIONAL AND FINAL PROVISIONS

Review and report
Article 45
By 30 June 2013, the Commission shall, in light of discussions with the competent authorities and ESMA, report to the European Parliament and the Council on:
1. the appropriateness of the notification and disclosure thresholds under Articles 5, 6, 7 and 8;
2. the impact of the individual disclosure requirements under Article 6, in particular with regard to the efficiency and volatility of financial markets;
3. the appropriateness of direct, centralised reporting to ESMA;
4. the operation of the restrictions and requirements in Chapters II and III;
5. the appropriateness of the restrictions on the uncovered sovereign credit default swaps and the appropriateness of any other restrictions or conditions on short selling or credit default swaps.