The governing body is introducing the changes following the FIFA Council’s approval last month of the new FIFA Football Agent Regulations.

The new regulations see the introduction of basic service standards for football agents and their clients, including a mandatory licensing system, the banning of multiple representation of players to avoid conflicts of interest and the introduction of a cap on all agent fees.

"This marks a landmark step towards the establishment of a fairer and more transparent football transfer system," FIFA said in a statement.

FIFA said last month that fees paid by clubs for the services of agents during 2022 amounted to $622.8 million (£515 million/€584 million), as reported by Reuters, an increase of 24.3 per cent compared to 2021.

Following the changes approved at the FIFA Council meeting, agents can take a maximum of three per cent commission on any transfer above $200,000 (£165,000/€187,000), and five per cent on deals under $200,000.

The new regulations require agents to make all transactions public, so fans can see how much is paid for deals.

Anyone wanting to become an agent must pay an annual fee to FIFA, as well as pass an exam.

The process of obtaining a licence under the regulations comes into force on Monday (January 9), while there will be a transition period prior to the requirement to only use licensed football agents and the cap on agent fees, which comes into force on October 1 2023.