Directive 2014/26/EU of the European Parliament and of the CouncilShow full title

2. Financial information to be provided in the annual transparency report: U.K.

(a)

financial information on rights revenue, per category of rights managed and per type of use (e.g. broadcasting, online, public performance), including information on the income arising from the investment of rights revenue and the use of such income (whether it is distributed to rightholders or other collective management organisations, or otherwise used);

(b)

financial information on the cost of rights management and other services provided by the collective management organisation to rightholders, with a comprehensive description of at least the following items:

(i)

all operating and financial costs, with a breakdown per category of rights managed and, where costs are indirect and cannot be attributed to one or more categories of rights, an explanation of the method used to allocate such indirect costs;

(ii)

operating and financial costs, with a breakdown per category of rights managed and, where costs are indirect and cannot be attributed to one or more categories of rights, an explanation of the method used to allocate such indirect costs, only with regard to the management of rights, including management fees deducted from or offset against rights revenue or any income arising from the investment of rights revenue in accordance with Article 11(4) and Article 12(1), (2) and (3);

(iii)

operating and financial costs with regard to services other than the management of rights, but including social, cultural and educational services;

(iv)

resources used to cover costs;

(v)

deductions made from rights revenues, with a breakdown per category of rights managed and per type of use and the purpose of the deduction, such as costs relating to the management of rights or to social, cultural or educational services;

(vi)

the percentages that the cost of the rights management and other services provided by the collective management organisation to rightholders represents compared to the rights revenue in the relevant financial year, per category of rights managed, and, where costs are indirect and cannot be attributed to one or more categories of rights, an explanation of the method used to allocate such indirect costs;

(c)

financial information on amounts due to rightholders, with a comprehensive description of at least the following items:

(i)

the total amount attributed to rightholders, with a breakdown per category of rights managed and type of use;

(ii)

the total amount paid to rightholders, with a breakdown per category of rights managed and type of use;

(iii)

the frequency of payments, with a breakdown per category of rights managed and per type of use;

(iv)

the total amount collected but not yet attributed to rightholders, with a breakdown per category of rights managed and type of use, and indicating the financial year in which those amounts were collected;

(v)

the total amount attributed to but not yet distributed to rightholders, with a breakdown per category of rights managed and type of use, and indicating the financial year in which those amounts were collected;

(vi)

where a collective management organisation has not carried out the distribution and payments within the deadline set in Article 13(1), the reasons for the delay;

(vii)

the total non-distributable amounts, along with an explanation of the use to which those amounts have been put;

(d)

information on relationships with other collective management organisations, with a description of at least the following items:

(i)

amounts received from other collective management organisations and amounts paid to other collective management organisations, with a breakdown per category of rights, per type of use and per organisation;

(ii)

management fees and other deductions from the rights revenue due to other collective management organisations, with a breakdown per category of rights, per type of use and per organisation;

(iii)

management fees and other deductions from the amounts paid by other collective management organisations, with a breakdown per category of rights and per organisation;

(iv)

amounts distributed directly to rightholders originating from other collective management organisations, with a breakdown per category of rights and per organisation.