FIFA is to establish a new regulation by September of 2021. This new regulation will make public the amount of money football agents earn from a transfer deal.
According to a statement by the football governing body, FIFA has started a third round of consultation on the new regulations and had admitted that it was a mistake to isolate agents in 2015.
The new rule will incorporate a licensing system, commission caps and character tests.
FIFA publication on the amount of money agents get from their clients – both players and clubs.
The new regulations will also disallow conflicts of interest, such as club or national association officials owning stakes in player agencies.
Commission will be capped at 3% of a player’s salary when representing a player, 3% of a player’s salary when representing the buyer and 6% when the same agent represents both the player and the buyer. An agent representing a selling club can earn a maximum of 10% of the transfer value.
The rules will stamp out triple representation – where an agent represents the player, the buyer and the seller – and also prohibit dual representation, with the exception of where the agent represents the player and the buying club.
Representation agreements will be allowed to run for a maximum of two years, and it will be a breach of the regulations for an agent to approach a player under such an agreement before it enters its final two months.
The rules will also bar family members from acting for a player in transfer deals unless the family member is a licensed agent.