Regulation 14 Deductions and payments in representation agreements
A collective management organisation must not make deductions (other than in respect of management fees)—
from the rights revenue derived from the rights it manages on the basis of a representation agreement, or
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.
A collective management organisation must regularly, diligently and accurately distribute and pay amounts due to other collective management organisations.
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.
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).
The objective reasons referred to in paragraph (4) may, in particular, relate to—
reporting by users;
identification of rights or right holders; or
matching of information on works and other subject matter with right holders.
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.
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).
The objective reasons referred to in paragraph (6) may, in particular, relate to—
reporting by users;
identification of rights or right holders; or
matching of information on works and other subject matter with right holders.