FIFA Agents New Job Procedures

Fifa with an official statement, has announced that the new regulation for players’ agents will come into force on January 9th. The three main innovations will be the new introduction of the register of attorneys, which will be accessed with an examination, the prohibition of multiple representation, with an agent who will therefore not be able to work for more than one party involved in the negotiation, unless traits of player and buying team, and the ceiling on salaries. Precisely on this last point the roof: – will be fixed with a maximum commission not exceeding 5% of the salary of the client, if his salary is below 200,000 dollars, and not exceeding 3% if he exceeds this threshold, in the event that the agent represents a football player or the buyer team. – If the agent, on the other hand, represents both the player and the buying team, the cap on commissions will be 10% if the salary is less than 200,000 dollars, and 6% if it exceeds the threshold. – If the agent represents the selling club, the maximum commission will be equal to 10% of the value of the transaction. “Following their approval by the FIFA Council in December 2022, the new FIFA Regulations for Football Agents (FFAR) will enter into force on Monday 9 January 2023, thus marking a key step towards the establishment,” FIFA said in a statement. of a fairer and more transparent football transfer system.The new regulations introduce basic service standards for football agents and their clients, including a system of compulsory licences, a ban on multiple representation to avoid conflicts of interest and the introduction of a ceiling on agents’ commissions, all with the aim of strengthening contractual stability, protecting the integrity of the transfer system and achieving greater financial transparency. While the procedures for obtaining a license under the FFAR take effect next Monday, there will be a transition period before the requirement to use only licensed football agents and the cap on agent fees, which will take effect on 1 October 2023. The FFAR were approved by the FIFA Council at its Doha meeting in December 2022 following a very robust and open consultation process conducted by FIFA since 2018 and involving all key international football stakeholders. The FIFA consultation and reform process for FFAR as a whole has been, and is, publicly accompanied and supported by various institutions.