Singapore legislation
Regulation 23
of Copyright (Collective Management Organisations) Regulations 2023
Regulation 23
Dealing with monies that CMO is unable to distribute
Subregulation 1
The distribution policy must require the CMO to do the following in relation to tariffs that the CMO is unable to distribute according to its distribution policy:
keep a record of those tariffs, including the reasons for being unable to distribute those tariffs;
take specified steps towards distributing those tariffs (for example, by identifying the members who are entitled to a distribution);
safeguard those tariffs until they are distributed or otherwise dealt with in accordance with the distribution policy;
inform members about the steps taken under sub‑paragraph (b), and the amount safeguarded under sub‑paragraph (c) for each financial year.
Subregulation 2
The distribution policy may allow the CMO to use those tariffs for purposes specified in the distribution policy, but only if the CMO remains unable to distribute those tariffs despite taking the steps mentioned in paragraph (1)(b).