1. INTRODUCTORY PROVISIONS Flashcards
- OBJECTIVES
What is the tasks of the FIFA Clearing House?
The FIFA Clearing House shall serve to protect the core objectives of the football transfer system in accordance with the FIFA Statutes and the RTSP, notably to:
a) protect the contractual stability between professional players and clubs,
b) encourage the training of young players,
c) promote a spirit of solidarity between the elite and grassroots football,
d) protect minors,
e) maintain a competitive balance and
f) ensure regularity of sporting competitions.
- FIFA Clearing House
Why was it established?
The FIFA Clearing House is a separate entity from the football transfer system and was established to act as an intermediary in payments deriving from the football transfer system.
The entity is a payment service provider but shall not make a financial profit from the assets it receives and/or transactions it undertakes.