OBS_VALUE: In general, vertical arrangements are subject to the Israeli competition law and may be considered restrictive arrangements or subject to merger control. Collective management of copyright is, as a rule, considered a restrictive arrangement and is therefore subject to competition oversight. As of today, the only authorized CRMs are: ACUM (music); the Federation and PIL (sound recordings) and TALI (audio-visual works). The conditions are intended to restrain their market power towards music users and rights holders.