Therefore, the summer transfer window in 2023 will be the last transfer window in which the current regulatory regime will apply. Thereafter, all agents will need to be licensed before carrying out any agency activity and the new regulations will be fully operational except that it is understood the new rules on acting as a football agent will not apply to transactions involving representation contracts concluded prior to 16 December 2022 even if the transaction takes place after 1 October 2023. This would mean that the cap on commissions and limitations on multiple representation would not apply in those instances.