1. The Commission shall review this Regulation in accordance with paragraph 2. The review shall include a general survey of the functioning of the rules in this Regulation and the experience acquired in applying them, including:

(a) the extent to which the designation 'EuVECA' has been used by managers of qualifying venture capital funds in different Member States, whether domestically or on a cross-border basis;

(b) the geographical and sectoral distribution of investments undertaken by qualifying venture capital funds;

(c) the appropriateness of the information requirements under Article 13, in particular whether they are sufficient to enable investors to take an informed investment decision;

(d) the use of the different qualifying investments by managers of qualifying venture capital funds and, in particular, whether there is a need to adjust the qualifying investments in this Regulation;

(e) the possibility of extending the marketing of qualifying venture capital funds to retail investors;

(f) the effectiveness, proportionality and application of administrative penalties and other administrative measures provided for by Member States in accordance with this Regulation;

(g) the impact of this Regulation on the venture capital market;