Zurich, February 06 (QNA) - FIFA has today established a Football Agent Working Group composed of representatives of professional football stakeholders and agent organisations from across the world that will act as a permanent consultative body in relation to football agent matters, including the practical implementation of the new framework, as well as possible future amendments or changes to the FFAR.
"The establishment of the working group is a key initiative that will enable us to continue our constructive dialogue with agent organisations across the world regarding the implementation of the new framework and any potential changes in the future. In line with the extensive consultation process that has been implemented in the past years, FIFA remains committed to an open exchange within the new regulatory framework," said FIFA Chief Legal and Compliance Officer Emilio Garcia Silvero.
FIFA has already received 2,249 license applications via the FIFA Agent Platform, after the FIFA Football Agents Regulations entered into force.
The FFAR introduce basic international service standards for FIFA football agents and their clients, including the limitation of multiple representation to avoid conflicts of interest and the introduction of a cap on football agent fees, with the objective of reinforcing contractual stability, promoting solidarity, protecting the integrity of the transfer system and achieving greater financial transparency.
The obligation to only use licensed football agents will be implemented on Oct. 1, 2023.