The Design Right, Artist’s Resale Right and Copyright (Amendment) Regulations 2023

Amendment of the Artist’s Resale Right Regulations 2006

3.—(1) The Artist’s Resale Right Regulations 2006(1) are amended as follows.

(2) In regulation 3(4) (artist’s resale right: calculation of sale price), omit “, and converted into euro at the European Central Bank reference rate prevailing at the contract date”.

(3) In regulation 12(3)(b) (“resale”: minimum sale price), for “1000 euro” substitute “£1,000”.

(4) In regulation 12(4)(b) (“resale”: minimum sale price for works recently acquired directly from author), for “10,000 euro” substitute “£10,000”.

(5) In Schedule 1 (calculation of resale royalty)—

(a) in paragraph 1, in the table—

(i) for “0 to 50,000 euro” substitute “£0 to £50,000”;

(ii) for “50,000.01 to 200,000 euro” substitute “£50,000.01 to £200,000”;

(iii) for “200,000.01 to 350,000 euro” substitute “£200,000.01 to £350,000”;

(iv) for “350,000.01 to 500,000 euro” substitute “£350,000.01 to £500,000”;

(v) for “500,000 euro” (in the second place those words occur) substitute “£500,000”;

(b) in paragraph 2, for “12,500 euro” substitute “£12,500”.

(1)

S.I. 2006/346, to which there are amendments not relevant to these Regulations.