FIFA TMS announced today that the Ghana Football Association (GFA) is the first Member Association (MA) to adopt the FIFA TMS Intermediary Regulations Tool (IRT).
On 1 April 2015, FIFA’s new “Regulations on Working with Intermediaries” came into force. The regulations require all MAs to register intermediaries who are engaged in transactions involving players and clubs affiliated with their association and to annually publish aggregate figures.
In line with FIFA TMS’s goal to support MAs in fulfilling their regulatory obligations, the IRT will enable the GFA to gather the necessary information in order to comply with FIFA’s regulations. The information to be collected includes: all agreed remunerations or payments that are made or will be made to an intermediary; intermediary declarations; representation contracts and consents and declarations about conflict of interests for all involved intermediaries. Most importantly, at the end of March each year, the GFA will be able to generate a report reflecting the necessary data for publication in accordance with the Regulations on Working with Intermediaries.
The IRT is integrated with the Transfer Matching System (ITMS and DTMS). As such, the GFA has the added benefit of being able to manage professional player transfers and related intermediary involvement in one system- increasing administrative efficiency and visibility over transfer and intermediary activity within their association.
For more information on IRT, please visit www.fifatms.com.