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1. By 29 June 2027 and every five years thereafter, the Commission shall carry out an evaluation, in particular, of the impact, effectiveness and efficiency of Europol and of its working practices. That evaluation may, in particular, address the possible need to modify the structure, operation, field of action and tasks of Europol, and the financial implications of any such modification.

2. The Commission shall submit the evaluation report to the Management Board. The Management Board shall provide its observations on the evaluation report within three months from the date of receipt. The Commission shall then submit the final evaluation report, together with the Commission's conclusions, and the Management Board's observations in an annex thereto, to the European Parliament, the Council, the national parliaments and the Management Board. Where appropriate, the main findings of the evaluation report shall be made public.

3. By 29 June 2025, the Commission shall submit a report to the European Parliament and to the Council, evaluating and assessing the operational impact of the implementation of the tasks provided for in this Regulation, in particular in Article 4(1), point (t), Article 18(2), point (e), Article 18(6a), and Articles 18a, 26, 26a and 26b, with regard to Europol’s objectives. The report shall assess the impact of those tasks on fundamental rights and freedoms as provided for by the Charter. It shall also provide a cost-benefit analysis of the extension of Europol’s tasks.