MON. 09 JANUARY, 2023-theGBJournal| Following their approval by the FIFA Council in December 2022, the new FIFA Football Agent Regulations (FFAR) will come into force today Monday, 9 January 2023, thus marking a landmark step towards the establishment of a fairer and more transparent football transfer system.
The new regulations introduce basic service standards for football agents and their clients, including a mandatory licensing system, the prohibition of multiple representation to avoid conflicts of interest, and the introduction of a cap on agent fees, all with the objective of reinforcing contractual stability, protecting the integrity of the transfer system and achieving greater financial transparency.
While the processes for obtaining a licence under the FFAR will come into force next Monday, there will be a transition period ahead of the obligation to only use licensed football agents and the cap on agent fees, which will happen on 1 October 2023.
The FFAR were approved by the FIFA Council at its meeting in Doha in December 2022 following a very robust and open consultation process carried out by FIFA since 2018 and involving all key international football stakeholders. FIFA’s consultation and reform process for the FFAR as a whole was, and is, publicly accompanied and supported by various institutions and bodies.
On Monday, 9 January 2023, the registration process will go live on the new Agent Platform at https://agents.FIFA.com
Note/For more information on how to become a football agent licensed by FIFA, please click on the following link: fifa.fans/3jM2jJy.
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email:gbj@govbusinessjournal.ng|govandbusinessj@gmail.com