Tag: Rules

  • EPL: Premier League introduces new set of rules ahead next season

    EPL: Premier League introduces new set of rules ahead next season

    The English Premier League has introduced new rules for the upcoming 2024/25 football season. The season kicks off on Friday, August 16, 2024, with Manchester United facing Fulham in the opening match.

     

    According to a statement on the EPL website, significant changes will be implemented in how match officials apply the rules. Key updates include:

     

    -Substitutes and Warm-up: Teams are allowed five substitutes per match, a continuation from the previous season. However, only three substitute players from each team may warm up at the same time.

     

    All Retrieval: When the match ball goes out of play and is not quickly retrievable, players must collect a replacement ball from the nearest cone. Ball assistants are not permitted to return the ball directly to players but must place it on a vacant cone. An exception allows ball assistants behind the goals to return the ball to the goalkeeper for a restart.

     

    – Technical Area Conduct,,Referees will send off technical area staff who deliberately delay the restart of play by holding or kicking the ball away. Players in the technical area who do this will receive a yellow card.

     

    -Added Time Calculation Match officials will only start adding time to the end of the match when the delay between a goal and the subsequent kick-off exceeds 30 seconds. This aims to reduce stoppage time, considering there was an average of 3.28 goals per match last season.

     

    These changes aim to streamline the flow of the game and ensure fair play throughout the season.

  • FIFA to push on with new ‘cap’ and rules for agents

    FIFA to push on with new ‘cap’ and rules for agents

    FIFA announced last September a cap that would limit agents of the selling club to 10 per cent of the transfer fee, and 3per cent of the player’s fee for agents of the buying club.

    The new regulations, which are scheduled to take effect in January, 2022, will also force agents to become licensed and undergo an exam conducted by FIFA, as well as make public all transactions, allowing fans to see how much agents are paid on deals.

    FIFA said on Thursday that it is starting its third and final “consultation process” on the new regulations before submitting the reforms to a vote at the FIFA Council with the aim of bringing them into effect next season.

    Leading agents have been critical of the proposals and threatened legal action.

    Emilio Garcia Silvero, FIFA’s Chief Legal and Compliance Officer, told reporters that the ruling body would continue to consult with agents, but was determined to push forward with the changes.

    “If we can’t agree with the agents then we will move ahead. We are committed to this,” he said, adding that the proposals should not be seen as hostile to agents.

    “This is not a project against the agents, this is a project for the agent, that is a very important message,” he said.

    “We would like to work with them; they play a highly relevant role in football.

    “There are hundreds and thousands who are operating in a proper way,” added Garcia Silvero, who said a new Football Agents Disputes Tribunal would help agents who found them not getting paid on international deals.

    “This is not a project against agents, those who see this (as) a project against agents, it is because they are hiding something,” he added.

    “There are a big group of agents who are also happy with the basic principles and we are all committed to reach a final agreement and a consensus.”

    FIFA said that commissions paid to agents involved in international transfers totalled a record $653.9 million in 2019, four times more than they earned in 2015.

    The process of becoming an agent will involve a “character test” and an annual fee as well as continued education and relevant insurance will all be compulsory.

    Agents will be barred from holding any interest, directly or indirectly, in a football club or a federation or other football body.

    Contracts for commissions should be set out in advance in writing under the new system, which aims to end late claims for commissions when a deal is being closed.

    A previous much looser licence scheme was abandoned by FIFA in 2015.

  • 2019 Elections: Nigeria will Accept Nothing Short of Openness, Adherence to Rules – Dogara

    From Jonas Ike, Abuja

    Owing to the failure of President Muhammadu Buhari to assent to the Electoral Act amendment Bill passed by the National Assembly three times, Speaker of the House of Representatives, Hon Yakubu Dogara, has warned the Independent National Electoral Commission (INEC) and the Police that Nigerians would accept nothing short of complete openness, a level playing ground and strict adherence to extant laws in the conduct of the 2019 elections.

    He also noted that the palpable fears of well-meaning Nigerians and the international community of the possibility of some forces working to manipulate the coming elections by exploiting the identified loopholes in the current Electoral Act, may become a reality if proactive steps are not taken by critical stakeholders.

    In a speech to mark the resumption of the House from the Christmas and New Year recess delivered on Thursday, the Speaker said the National Assembly has done its possible best to deepen the nation’s democratic process by providing mechanisms that would guarantee successful and rancour-free elections.

    According to him, by passing the Electoral Act Amendment Bill for the third time after the President had declined assent to it twice, it means that the impending general elections will not benefit from the innovative mechanisms crafted in its collaboration with international and development partners.

    The Speaker stated, “It should remain a thing of pride for us that the National Assembly has done its best by taking steps to guarantee the successful and rancour-free conduct of the 2019 General Elections by passing the Electoral Act Amendment Bill for the third time after Mr President had declined assent to it twice. Lack of passage into Law of the amended Bill means that the impending General Elections will not benefit from the innovative mechanisms crafted in its collaboration with international and Development partners. Consequently, the palpable fears of well-meaning Nigerians and the international community of the possibility of some forces working to manipulate the coming elections by exploiting the identified loopholes in the current Electoral Act, may become a reality if proactive steps are not taken by critical stakeholders.

    Hon. Members, I believe that our intention to improve on the successes of the 2015 General Election through the Amendment Bill, is very clear to all fair-minded Nigerians. The spate of serious allegations by stakeholders, corroborated by some Press reports against INEC and the Nigerian Police in the recent elections, which are already subjects of litigations, are some of the factors that gave rise to public apprehension on the success of the coming General Elections.

    We had intended, through this Bill, to minimise the risk to the survival of our hard-won democracy through responsive and timely legislation aimed at ensuring free, fair and transparent elections. Nonetheless, as Parliament, we have done our best to guarantee the stability and growth of our fragile democracy, and I have no doubt that history will be very kind to us.

    Under the present circumstance, we have no choice than to take INEC and the Police by their words and give them the benefit of doubt in their recent assurances to be impartial, efficient and truthful in the conduct of the coming elections. This is the minimum that the country deserves from them at this auspicious time. Nothing short of complete openness, a level playing ground and strict adherence to extant Laws will be acceptable to Nigerians.”

    Dogara also called on the President and Commander-In-Chief of the Armed Forces, President Muhammadu Buhari, to take a hard look at Nigeria’s national security architecture with a view to securing lives, national pride and prestige and to fight against unbridled violence.

    We are all witnesses to the continuous deteriorating security situation in our country more especially in the North East, North West and some parts of the North Central. Only three days ago, scores of people were killed in Sokoto State and elsewhere,” he stated, adding, that hardly does any week pass without reports of mass killings and bloodletting, either by terrorists or armed bandits.

    This calls for drastic, urgent and concerted action and efforts to bring to a quick end. Our citizens are looking up to us and we can’t afford to fail them because security of lives and properties is the primary purpose of government. The fight against unbridled violence is one we cannot afford to lose as we can’t do so and still keep our civilisation. The symptoms of the malady afflicting our national security architecture are in plain sight. It is therefore imperative for the President and Commander-In-Chief of the Armed Forces to take a hard look at our national security architecture with a view to fixing the malady in order to secure lives, national pride and prestige,” he said.

    Addressing his colleagues, Hon Dogara noted that with less than five months to the end of the 8th National Assembly, now is a good time to reflect on the journey they started in June, 2015 and while the House can boast that it has done appreciably, the remaining period demands assiduous and expeditious work so that the huge legislative assignments that still lies ahead of them can be done with and the unsurpassed record of legislative outputs so far achieved by the House can be maintained.

    Specifically, he called for accelerated legislative processing of the 2019 Appropriation so that government business will not be impeded, as well as other Bills under consideration which are critical to the development of our country. This is just as he reminded them to strike a good balance between their commitment to legislative duties and participation in the campaigns by streamlining their political timetable and schedules to make room for attendance to legislative duties as much as is expected of them.

    While calling for the highest form of decorum in the campaigns, the Speaker stated, “I find it imperative on this occasion to call on all our political leaders to cultivate the highest level of decorum, responsibility and respect for the Law in our electioneering campaigns. We must, through our conduct, show our commitment to the successful and peaceful conduct of the 2019 elections and above all, the sustenance of our democracy. We should avoid the tendency of being hypocritical by engaging in misdeeds that we are quick to point out in our opponents. Let us be guided by our conscience and the teachings of our religions, which demand that we judge ourselves before judging others.”

    He expressed gratitude for the continued support and unity of the members to the leadership of the House, and cautioned that “neither contest for elective office nor elections are ends in themselves as they are merely the means by which we seek to serve the people and indeed humanity. Where our intentions are genuine and honorable, we shall never seek power at the expense of the lives and properties of those we seek to serve. This should be our resolve across board.”

  • SEC launches green bond rules

    SEC launches green bond rules

    The Securities and Exchange Commission (SEC) officially launched the Green Bonds issuance rules at a ceremony on Monday.

    Speaking at the launch of the rules, Ms. Mary Uduk, Ag. Director-General, SEC stated that, “As Nigeria strives to harness the resources of non-oil sectors to anchor the transition to a more resilient economy, there is the urgent need to close the country’s infrastructure gap with investments in sustainable finance initiatives.

    The SEC’s release of the green bond rules is a significant step in furthering the complementary efforts of the government, regulators and the financial services industry to direct financial capital to more sustainable economic activity”.

    Green bonds are special bonds issued to finance or re-finance in part or in full new and existing eligible environmental or climate projects.

    According to Dr Evans Osano, Director of Financial Markets at the Financial Sector Deepening Africa (FSD Africa): “We laud SEC Nigeria for the professional and quick turnaround in the preparation of the guidelines.

    The new guidelines are prepared in line with leading international guidelines and standards providing confidence to domestic and international investors.

    It also provides certainty to issuers of green bonds in Nigeria. FSD Africa is pleased to have supported this process which is a milestone for the Nigeria green bonds market”

    Mr. Olumide Lala, Africa Markets Programme Manager, Climate Bonds Initiative, explained that “the launch of the rules brings much needed clarity and guidance on the issuance of green bonds. Adopting the tenets of the Green Bond Principles and Climate Bonds Standard makes it easier to attract foreign investment where needed.”

  • Comply with port rules to avoid seizure, customs boss tells users

    The Customs Area Controller, Apapa Command, Comptroller Umar Jibrin, has urged all port users to comply with cargo clearance procedures to avoid seizure.

    Jibrin made the plea in an interview with the newsmen in Lagos.

    He said that smooth flow of cargoes would transform Nigerian ports to be the preferred cargo destination in the sub-region.

    He said that the NCS would not relent in its efforts to continue to engage in 100 per cent examination of cargoes to stop unwanted goods from coming into the country.

    “I am calling on all users of Apapa Port to please remain compliant.

    “We are operating within an international economic system and we have to measure up to standard.

    “As long as we want to do business with the global business community, we have no choice but to be disciplined on goods we import and export from the country.

    “Importers should make sure that they always include in the manifest what they are about importing,“ Jibrin said.

    TheNewsGuru.com recalls that the Apapa Command of the NCS on June 14 intercepted seven 40ft containers of pharmaceutical products over false declaration.

    On Jan. 31, the Federal Operations Unit (FOU) of the service intercepted 661 pump action rifles, while on May 23, the Tin-Can Island Command of the NCS also intercepted 440 rifles.