The FCH is a separate entity from FIFA and independent in its regulated activities, but FIFA exerts a certain level of control through shareholding, the governance framework, full funding and the service agreement.

An electronic player passport (EPP) is an electronic document containing the consolidated registration information of a player throughout their career, including the relevant member association, their status (amateur or professional), the type of registration (permanent or loan), and the club(s) (including training category) with which they have been registered since the calendar year of their 12th birthday. Please refer to the EPP section or the FIFA Clearing House Regulations for information on the process.

An allocation statement is a document generated automatically by TMS based on the final EPP and indicates the amounts of training rewards to be processed through the FCH. The allocation statement contains all training clubs, their contact and banking information and the amount to pay in training rewards. 

The documentation required for each party (i.e. club, legal entity or individual) is assessed on a risk-based approach depending on the profile of the party. The FCH will inform you about the specific information to be provided. It may include information about the organisation (such as articles of association or company extract), its corporate structure and beneficiaries, source of funding or details, and documentation about the relevant stakeholders (beneficiaries, representatives). All requested documents can be provided in English, Spanish or French. If your documents were not originally issued or are not available in one of these three languages, the FCH will request an official translation of your original documents into one of these three languages.

UBO is the acronym for Ultimate Beneficial Owner. Under European legislation, it refers to the natural person who ultimately owns or controls (directly or indirectly) at least 10% of the shares or voting rights of a legal entity (the club in question). In certain cases, it can be the legal representative. This information is part of the required client information, and the screening and due diligence process.

PEP is the acronym for Politically Exposed Person, which is described as an individual who is or has been entrusted with a prominent public function. Some examples of PEPs are heads of state or government, ministers, members of parliament, members of supreme courts, ambassadors, senior staff of state-owned enterprises or board members and directors of international organisations.

This will depend on the type of entity, the risk analysis performed by the FCH and the level of cooperation from the party.

Once the EPP process has been completed and an allocation statement has been submitted to the FCH by the FIFA administration, the FCH will send the Terms and Conditions to the relevant parties. The clubs or parties have seven days to accept or reject the Terms and Conditions. If there is no reaction from a party or if the Terms and Conditions are rejected, this will be interpreted as a failure to comply with the Clearing House Regulations as the FCH cannot execute the compliance assessment.

Compliance failures will be forwarded to the FIFA administration for possible sanctions. Once a party has been notified of a compliance failure, all future communications related to that case should be directed to the FIFA administration. The FIFA administration will process these cases in accordance with the FIFA Clearing House Regulations.

A compliance failure may derive from a variety of situations: not accepting the Terms and Conditions, not providing all required documentation, not providing it in a timely manner, being a sanctioned entity or having a sanctioned individual within the entity, exposing the FCH to the potential risk of financial crime, providing the bank account of a third party, non-cooperation with FCH requests for further information, or non-disclosure of information, among other reasons.

A payment notification is a statement sent by the FCH to the new club, stating the amount to pay in training rewards and the bank account to which this should be paid.

The new club will receive a payment notification indicating the amount and currency information.

For training compensation payments, the FCH accepts EUR and USD. For solidarity contribution payments, the FCH accepts EUR, USD and GBP.

Payments are accepted only in EUR, USD or GBP and will be paid out in the same currency in which they were received.

The FCH can only accept payments from a bank account held in the name of the club (no online wallet, cryptocurrencies, etc.).

The FCH does not charge any fees for the services provided. However, the banks of the new and training clubs may charge fees for international transfer or currency services. These costs must be covered by the new and training clubs themselves.

Funds will be sent after all controls have been completed. The process usually takes 2-3 business days after the payment has been received from the new club.

Please refer to the latest version of the Regulations on the Status and Transfer of Players (RSTP), the FIFA Clearing House Regulations and the calculator.

In cases of non-payment or incomplete payments, or in the event of compliance failures, the FIFA administration will be notified by the FCH entity. The Clearing House Department will inform the club concerned of its rights and obligations after these notifications, as enshrined in the FIFA Clearing House Regulations.