{
  "url": "https://openlegislation.uk/eu-directive-2014-57/article-12",
  "json_url": "https://openlegislation.uk/eu-directive-2014-57/article-12.json",
  "legislation": "eudr/2014/57",
  "legislation_title": "Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2014-57",
  "path": "article/12",
  "kind": "article",
  "number": "12",
  "heading": "Report",
  "text": "By 4 July 2018, the Commission shall report to the European Parliament and to the Council on the functioning of this Directive and, if necessary, on the need to amend it, including with regard to the interpretation of serious cases as referred to in Article 3(1), Article 4(1) and Article 5(1), the level of sanctions provided for by Member States and the extent to which the optional elements referred to in this Directive have been adopted.\nThe Commission’s report shall, if appropriate, be accompanied by a legislative proposal.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2014/57/article/12",
    "retrieved_at": "2026-11-01T15:21:44.440840+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}