Exclusion of Vinyl Records from OMB Licensing
- Importation, exportation, manufacture, distribution, sale, rental, and other commercial transactions involving vinyl records are exempt from the registration and licensing requirements of the OMB.
- This exemption promotes legitimate business without imposing unnecessary burdens on consumers.
Compliance with Other Government Agencies
- The exemption from OMB licensing does not exempt entities from complying with licensing or legal requirements imposed by other government agencies.
- Other regulatory requirements under different laws remain applicable.
Application and Effectivity
- The provisions of the circular apply prospectively from the date it takes effect.
- Pending applications regarding vinyl records under the OMB will not be affected by this circular.
- The circular takes effect fifteen (15) days after its publication.
Repeal of Inconsistent Orders
- Any previous orders, issuances, or parts thereof inconsistent with the provisions of this circular are repealed or modified accordingly.
Severability Clause
- If any provision of the circular is declared invalid or unconstitutional, the remaining provisions shall continue to be valid and enforceable.