shall charge the orphan licensee a reasonable licence fee for the period of the licence calculated with regard to relevant factors which shall include the level of licence fees which are achieved under licences for a similar use of similar relevant works which are not orphan works; and

may charge a reasonable additional amount in respect of the costs of the authorising body.

hold all licence fees paid under this regulation in a designated account;

adopt accounting procedures that ring-fence in a separate account for monies received from orphan licences; and

retain unclaimed licence fees for a period of not less than eight years from the date of the grant of the relevant orphan licence.