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: the appropriateness of the notification and disclosure thresholds under Articles 5, 6, 7 and 8; the impact of the individual disclosure requirements under Article 6, in particular with regard to the efficiency and volatility of financial markets; the appropriateness of direct, centralised reporting to ESMA; the operation of the restrictions and requirements in Chapters II and III; 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.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-29 · Text as adopted (Official Journal); later amendments are not incorporated in this text.