(Reuters) - World soccer body FIFA on Wednesday said it and football stakeholders had agreed to recommended a cap on agents' commissions and a limit on loans as it looks to reform the current transfer system.
FIFA said the Football Stakeholders Committee had agreed on the "establishment of a cap on agents' commissions (10% of the transfer fee for agents of releasing clubs, 3% of the player's remuneration for player agents and 3% of the player's remuneration for agents of engaging clubs)."
It also agreed on limiting multiple representation to avoid conflicts of interest.
(Reporting by Karolos Grohmann; Editing by Christian Radnedge)
