terambulan: Yes you are free to set up a competitor to PRS in the UK . However, to make it viable you will have to attract a large member base away from PRS in order to finance the running of it! PRS is well established (95 years) and despite being a de facto monopoly it is recognised generally that its collection and distribution service to its members and licensees has value and a competitor would not be beneficial. The situation in The US is different in that there are anti-trust laws preventing monopolies. Hence ASCAP,BMI and SESAC are allowed to operate.