+CHAPTER IX TRANSITIONAL AND FINAL PROVISIONS
---+Article 45 Review and report
---+Article 46 Transitional provision
------+Article 46 1.
------+Article 46 2.
---+Article 47 Staff and resources of ESMA
---+Article 48 Entry into force

CHAPTER IX TRANSITIONAL AND FINAL PROVISIONS

1. Overview

Summary	Regulation
Article 45 Review and report	Article 45 Review and report 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: (a) the appropriateness of the notification and disclosure thresholds under Articles 5, 6, 7 and 8; (b) the impact of the individual disclosure requirements under Article 6, in particular with regard to the efficiency and volatility of financial markets; (c) the appropriateness of direct, centralised reporting to ESMA; (d) the operation of the restrictions and requirements in Chapters II and III; (e) 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.
Article 46 Transitional provision
Article 47 Staff and resources of ESMA	Article 47 Staff and resources of ESMA By 31 December 2012, ESMA shall assess its staffing and resources needs arising from the assumption of its powers and duties under this Regulation and submit a report to the European Parliament, the Council and the Commission.
Article 48 Entry into force	Article 48 Entry into force This Regulation shall enter into force on the day following its publication in the Official Journal of the European Union. It shall apply from 1 November 2012. However, Article 2(2), Article 3(7), Article 4(2), Article 7(3), Article 9(5), Article 11(3) and (4), Article 12(2), Article 13(4) and (5), Article 16(3) and (4), Article 17(2), Article 23(5), (7) and (8), and Articles 30, 42, 43 and 44 shall apply from 25 March 2012.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source	Requirement

3. Related Standards

Standards
Source	Requirement

Builddate: 16.01.2024 00:00:00 -Doknr: CELEX:32012R0236
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