|Sebastian Felix Schwemer|
"Last Thursday the Council adopted the CRM Directive. This followed a vote by the European Parliament (with a rather impressive majority of 640 of 680 votes) just two weeks prior to the Council’s adoption and an informal trialogue agreement in November 2013.
The Directive pursues two main objectives:
|Will CMOs become so transparent ...|
(2) Minimum requirements relating to a collective management organisation’s governance structure, eg the obligation on the collective management organisation to have a supervisory function to supervise management, provisions relating to voting rights of rightholders and their rights to give a proxy to a representative to exercise their right to vote at the general assembly;
(3) Time limits regarding the payment made to rightholders by a collective management organisation [9 months], as well as rules regarding the use of the amounts which cannot be distributed;
(4) Rules regarding the relation with users and criteria for setting up tariffs;
(5) Transparency requirements towards rightholders, other collective management organisations, users and the public;
(6) Establishment of criteria a collective management organisation has to fulfil to grant multi-territorial licenses for authors’ rights in musical works for online use;
(7) Rules on representation agreements between collective management organisations for the purposes of multi-territorial licensing, in particular criteria for when a collective management organisation has an obligation to represent another organisation;
(8) Provisions on dispute resolution, such as an alternative dispute resolution procedure for certain disputes relating to multi-territorial licensing.
|... that it will be almost scary?|