The draft regulation foresees (1) the establishment and maintenance of an electronic register and database for SEPs; (2) the establishment and administration of a system for assessing the essentiality of SEPs; (3) the creation and administration of a process for FRAND determination and (4) the administration of a system for an aggregate royalty rate determination. All of this is to be administered by the EUIPO, the European Union Intellectual Property Office.
Global FRAND rate setting- UK and China moved for an early mover advantage, now EU wants to step in.
Download report: https://single-market-economy.ec.europa.eu/publications/com2023232-proposal-regulation-standard-essential-patents_en
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