; provided, however, that it may be named as a stakeholder in an action between copyright owners if it is holding disputed funds that are the subject of such action. For purposes of this subparagraph, good-faith administration means administration in a manner that is not grossly negligent. (E) Preemption of State property laws The holding and distribution of funds by the mechanical licensing collective in accordance with this subsection shall supersede and preempt any State law (including common law) concerning escheatment or abandoned property, or any analogous provision, that might otherwise apply. (12) Regulations (A) Adoption by register of copyrights and copyright royalty judges The Register of Copyrights may conduct such proceedings and adopt such regulations as may be necessary or appropriate to effectuate the provisions of this subsection, except for regulations concerning proceedings before the Copyright Royalty Judges to establish the administrative assessment, which shall be adopted by the Copyright Royalty Judges. (B) Judicial review of regulations Except as provided in paragraph (7)(D)(vii), regulations adopted under this subsection shall be subject to judicial review pursuant to chapter 7 of title 5. (C) Protection of confidential information The Register of Copyrights shall adopt regulations to provide for the appropriate procedures to ensure that confidential, private, proprietary, or privileged information contained in the records of the mechanical licensing collective and digital license coordinator is not improperly disclosed or used, including through any disclosure or use by the board of directors or personnel of either entity, and specifically including the unclaimed royalties oversight committee and the dispute resolution committee of the mechanical licensing collective. (13) Savings clauses (A) Limitation on activities and rights covered This subsection applies solely to uses of musical works subject to licensing under this section. The blanket compulsory license established hereunder