News

no news in this list.

 

New IPI directive for the supervision of the collective rights management organisations

18.12.2017 | Law and policy, Copyright

From 1 January 2018, the new IPI directive for the supervision of the collective rights management organisations comes into force. It sets out guidelines for the IPI as supervisory authority when reviewing the management of the collective rights management organisations. The new directive will apply as of the reporting for the business year 2018.  

The goal of the modernisation was to bring the directive up to date with regard to the current accounting methods as well as updating the interaction between the reviews conducted by the IPI on the one hand and those by the auditors on the other. All collective rights management organisations currently use the accounting standard Swiss GAAP FER and it is the basis of the new directive. It is already an extensive requirement of SWISS GAAP FER that details of revenue, expenditure and management be disclosed. Transparent collective management is in the interest not only of the collective rights management organisations and their members and users, but also in the interest of policy-makers and the public.

In the future, the collective rights management organisations can report to the IPI electronically.

The modernised directive allows the IPI to carry out supervision effectively and in an up-to-date way.