Not later than 27 April 2005 the Commission shall present a report to the European Parliament and the Council on the application of this Directive, in particular on:
- the measures to protect the bearers of electronic money, including the possible need to introduce a guarantee scheme,
- waivers, and
- the possible need to prohibit interest being paid on funds received in exchange for electronic money,
- capital requirements, accompanied where appropriate by a proposal for its revision.