- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
14.—(1) A collective management organisation must not make deductions (other than in respect of management fees)—
(a)from the rights revenue derived from the rights it manages on the basis of a representation agreement, or
(b)from any income arising from the investment of that rights revenue,
unless the other collective management organisation that is party to the representation agreement expressly consents to such deductions.
(2) A collective management organisation must regularly, diligently and accurately distribute and pay amounts due to other collective management organisations.
(3) A collective management organisation must carry out the distribution and payments referred to in paragraph (2) as soon as possible but in any event no later than the beginning of the period which starts 9 months from the end of the financial year in which the rights revenue was collected unless paragraph (4) applies.
(4) This paragraph applies where there are objective reasons which prevent the collective management organisation from distributing or paying the amounts within the time specified in paragraph (3).
(5) The objective reasons referred to in paragraph (4) may, in particular, relate to—
(a)reporting by users;
(b)identification of rights or right holders; or
(c)matching of information on works and other subject matter with right holders.
(6) The other collective management organisation referred to in paragraph (1) or, where it has a member which is an entity representing right holders, that member must ensure that it distributes and pays the amounts due to right holders as soon as possible but in any event no later than the beginning of the period which starts 6 months from the receipt of those amounts unless paragraph (7) applies.
(7) This paragraph applies where there are objective reasons which prevent the collective management organisation or its member referred to in paragraph (6) from distributing and paying the amounts within the time specified in paragraph (6).
(8) The objective reasons referred to in paragraph (6) may, in particular, relate to—
(a)reporting by users;
(b)identification of rights or right holders; or
(c)matching of information on works and other subject matter with right holders.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: