Article 1243.1. Procedure for payment of remuneration for the use of copyrights and related rights by entering into a nominal account

1. The management organization shall be the owner of the nominal account to which the remuneration for the use of copyright and related property may be credited under this section. rights on a collective basis, and the beneficiaries of the nominal account contract are the right holders who are credited to the nominal account. In respect of a right holder whose name or name is unknown, the holder of the account shall inform the bank of the information enabling the holder of the right. to establish the object of copyright or related rights for which the right holder is entitled to remuneration, in order to provide information on the beneficiary and the grounds for his or her participation In the event that the holder of the account receives information about the owner or if the owner turns to the holder of the account on the basis of a request by the owner of the account (art. 860, para. 2). The holder of the account is obliged to take reasonable steps to verify the identity of the right holder and to inform the bank immediately of the beneficiary and the holder. 2. In the case of objects of copyright or related rights for which remuneration is due to such right holder, respectively. The amount owed to him shall remain in a nominal account until such right holder has applied to the holder of the account for payment to the right holder. The holder of the account has the right to invest funds in a nominal account on the principles of return, profitability and liquidity, as well as to withhold from the income received and improved mechanisms for interaction with authors and other rights holders, including the establishment and improvement of D-bases Anonymous and information systems for recording copyright and related objects, searching for authors and other rights holders, contractual arrangements with users of such objects, to the extent specified The Government of the Russian Federation and the funds which are sent to special funds created by the owner of the account with the consent and in the interest of the right holders represented by him. The Government of the Russian Federation shall establish a list of authorized investments, the procedure and conditions for the investment of funds held in a nominal account, and so on. Also, the requirements to be met by credit organizations that open nominal accounts for the payment of fees for the use of copyrights and related rights. ae, if the right holder requests the holder of the account to issue the money due to him, the holder of the account who has received information of such treatment is obliged to take steps to recover in the nominal account of the previously invested money of that right holder and the proceeds due to that right holder for the purpose of issuing the money and the proceeds to the right holder not late 3. Each accredited collective rights management organization may use only one nominal account to be credited to it. Accompaniment for the use of any copyright and related rights in each of the spheres of collective governance (art. 1244, para. 1). To compile, on its official Internet site, information on a bank in which a nominal account has been set up to pay for the use of copyrights and related rights in soots. 4. Nominal accounts to which the remuneration for the use of copyright and related property may be credited under this Code, m 5. The holder of the nominal account to pay for the use of copyright and related rights objects is obliged to report 6. The amount due to the right holder shall be credited to the nominal account. 7. For the use of funds held in a nominal account, the bank shall pay interest the amount of which shall be credited. The Government of the Russian Federation determines the rules for calculating interest on the use of funds in a nominal account. In the case of a credit charge for the use of copyrights and related rights, it is not possible to write off money from a nominal account unless it is sent by the owner from in cases of investment of funds held in a nominal account in accordance with the procedure laid down by the person concerned 8. When a collective rights management organization is replaced under this Code, the former owner of the nominal account shall be replaced by another owner. 9. In the event of the termination of the contract of the nominal account at the request of the bank (art. 859), the management organization shall be responsible for the administration of the rights in question on a collective basis. you are collectively required to enter into a nominal account agreement with another bank and to direct the bank in which the first nominal account was opened to transfer the cash balances n a New nominal account with information on rights holders and the amount of money due to them or information enabling the establishment of copyrights or related rights, remuneration for 10. The right holder is entitled to declare at all times that he shall refuse to transfer the money due to him to a nominal account set up on a par with the right holder. In accordance with paragraph 1 of this article, and to require further remuneration for the use of copyright and related rights in accordance with the rules of article 1243, paragraph 4 I don’t know what to do with the Code.