# The Design Right, Artist’s Resale Right and Copyright (Amendment) Regulations 2023, Regulation 3: Amendment of the Artist’s Resale Right Regulations 2006


(1) The Artist’s Resale Right Regulations 2006 are amended as follows.
(2) In regulation 3(4) (artist’s resale right: calculation of sale price), omit “, and converted into euro at the European Central Bank reference rate prevailing at the contract date”.
(3) In regulation 12(3)(b) (“resale”: minimum sale price), for “1000 euro” substitute “£1,000”.
(4) In regulation 12(4)(b) (“resale”: minimum sale price for works recently acquired directly from author), for “10,000 euro” substitute “£10,000”.
(5) In Schedule 1 (calculation of resale royalty)—
(a) in paragraph 1, in the table—
(i) for “0 to 50,000 euro” substitute “£0 to £50,000”;
(ii) for “50,000.01 to 200,000 euro” substitute “£50,000.01 to £200,000”;
(iii) for “200,000.01 to 350,000 euro” substitute “£200,000.01 to £350,000”;
(iv) for “350,000.01 to 500,000 euro” substitute “£350,000.01 to £500,000”;
(v) for “500,000 euro” (in the second place those words occur) substitute “£500,000”;
(b) in paragraph 2, for “12,500 euro” substitute “£12,500”.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348252316/regulation/3 (the official version)
Page: https://openlegislation.uk/draft-design-right-artists-resale-right-and-copyright-amendment-regulations-2023/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.