The Federation International Football Association (FIFA) has successfully ended its 20th Council meeting, held for the first time in Oceania, Auckland, New Zealand.
The international football governing body’s 20th Council meeting was presided over by President Gianni Infantino, who declared that a crucial step toward transfer system reform had been officially implemented.
The FIFA Clearing House Regulations were accepted by the FIFA Council, which is a significant step toward ensuring transparency and accountability in the international transfer system.
The regulations that have been formally enacted are the outcome of FIFA’s comprehensive transfer system reform, which began in 2017 with an extended consultation process spearheaded by the FIFA Football Stakeholders Committee.
The regulations, which go into existence on November 16, 2022, are a set of rules that will oversee how the FIFA Clearing House will centralise, process, and automate payments between clubs.
The initial concept focuses on training incentives (training compensation and solidarity contributions), but it also encourages financial openness and integrity within the international transfer system.
The most amazing news is that it is projected that close to USD 400 million would be allocated to training clubs each year through the FIFA Clearing House, a five-fold increase well over the current situation.
During the meeting, the Council considered the international transfer of children. The FIFA Council also decided to create the first-ever regulatory framework for trials, including regulations governing medical treatment, the minimum age for participation, and an effective means of seeking legal protection.
They also implemented stricter regulations regarding private academies in order to increase oversight of minors, as well as amended the humanitarian exception established in the Regulations on the Status and Transfer of Players in order to modernise and apply it more flexibly in order to reflect real-life cases.
Gianni Infantino addressed the 20th FIFA Council Press Conference. He stated, “In terms of international transfer reform, these laws convey a clear message: FIFA is committed to defending the integrity of the game and guaranteeing the organic functioning of the football pyramid in a spirit of unity and transparency. Football must implement a transfer system that is accountable and promotes balanced redistribution at all levels of the game.”
