Regulation 20 Registration of a product line as a “low volume line”: updates to the SP register

(1)

The deposit management organisation must—

(a)

update the entry relating to a registered scheme producer in the SP register in accordance with paragraph (2) if—

(i)

any product line of the scheme producer is registered as a low volume line in relation to a scheme year, or

(ii)

the registration of any product line of the scheme producer as a low volume line is cancelled before the end of the relevant scheme year; and

(b)

publish a notice of the change to the SP register in such manner as the deposit management organisation considers appropriate to bring the change to the attention of scheme suppliers.

(2)

The entry for a registered scheme producer must state—

(a)

each scheme year in relation to which a product line of the scheme producer is registered as a low volume line, and

(b)

if that product line’s registration as a low volume line is cancelled before the end of a scheme year, the date on which that cancellation takes effect.