1. Five years after the date referred to in Article 49(2), the Council, acting on a proposal from the Commission, shall examine and if need be revise Articles 1(1)(d) (second subparagraph), 4(2), 5, 6, 7(1), 12, 43 and 44 in the light of the experience acquired in applying this Directive, the aims of this Directive and the economic and monetary situation at the time.
2. Paragraph 1 above shall not affect Article 53(2) of Directive 78/660/EEC.