Singapore legislation

Regulation 36

of Copyright (Collective Management Organisations) Regulations 2023

Regulation 36

CMO must make transparency report

Subregulation 1

For every financial year, a CMO must make a transparency report and present the report to a general meeting of members within the next financial year.

Subregulation 2

A CMO’s report for a financial year must contain —

(a)

the CMO’s financial statements for that financial year, which must include —

(i)

a balance sheet or a statement of assets and liabilities; and

(ii)

an income and expenditure account (including a breakdown of its operating expenditure);

(b)

information about the CMO’s activities for that financial year;

(c)

the following information in relation to the tariffs collected by the CMO for that financial year:

(i)

the total amount of those tariffs;

(ii)

the proportion of those tariffs attributable to —

(A)

each tariff scheme operated by the CMO and each class of case to which each tariff scheme applies; and

(B)

each category of rights managed by the CMO (for example, the right to perform in public);

(iii)

the amount and type of deductions made by the CMO from those tariffs, and the particulars of any social, cultural or education services for which the deductions were made;

(iv)

the total amount attributed and distributed to the CMO’s members;

(v)

the total amount attributed but not distributed to the CMO’s members;

(d)

information about the total remuneration (including non‑monetary benefits) paid to the officers and employees of the CMO for that financial year; and

(e)

if the CMO has one or more partner collecting societies, the following information:

(i)

the names of the partner collecting societies;

(ii)

the dates of the representation agreements between the CMO and its respective partner collecting societies;

(iii)

the total amount paid by the CMO to all its partner collecting societies in that financial year;

(iv)

the total amount paid to the CMO by all its partner collecting societies in that financial year;

(v)

the total deductions (if any) made by the CMO’s partner collecting societies under their representation agreements with the CMO (for example, deductions for management fees).

Read in full context — Copyright (Collective Management Organisations) Regulations 2023 →