1.   By 13 January 2023, the Commission shall review this Directive and report on its implementation and effectiveness to the European Parliament and to the Council.

2.   The review referred to in paragraph 1 shall in particular consider:

(a)	the adequacy of this Directive from a prudential and governance point of view;

(b)	cross-border activity;

(c)	the experience acquired in applying this Directive and its impact on the stability of IORPs;

(d)	the Pension Benefit Statement.