By 10 July 2032, and every 3 years thereafter, the Commission shall review the application of this Regulation and submit a report to the European Parliament and to the Council.
The first review shall include an assessment of:
(a) the national systems for reporting of suspicions pursuant to Article 69 and obstacles and opportunities to establish a single reporting system at Union level;
(b) the adequacy of the beneficial ownership transparency framework to mitigate risks associated with legal entities and legal arrangements.