The Commission shall, in close cooperation with ESMA, submit a report to the European Parliament and to the Council on the implementation of Article 3j, including the appropriateness of its scope of application and its effectiveness and the assessment of the need for establishing regulatory requirements for proxy advisors, taking into account relevant Union and international market developments.
Déanfaidh an Coimisiún, i ndlúthchomhar le ÚEUM, tuarascáil a chur faoi bhráid Pharlaimint na hEorpa agus na Comhairle maidir le hAirteagal 3j a chur i bhfeidhm, lena n-áirítear oiriúnacht a raoin agus a héifeachtacht agus an measúnú ar an ngá chun ceanglais rialála a chur ar bun le haghaidh seach-chomhairleoirí, agus forbairtí ábhartha an Aontais agus an mhargaidh idirnáisiúnta á gcur i gcuntas acu.