PREMIER LEAGUE

SECTION H: DIRECTORS’ REPORT
Objectives Old Rule
H.9. The Objectives referred to in the Report are to ensure that:
H.9.1. in relation to Compensation Fees:
H.9.1.1. the Club has formally adopted a written transfer policy identifying who
on its behalf has authority to negotiate Players’ transfers and the terms
of Players’ contracts, what approvals (if any) are required before such
authority is exercised and who is the Authorised Signatory; and
H.9.1.2. Material Transactions have been entered into by the Club strictly in
accordance with its transfer policy and the provisions of these Rules;
H.9.2. in relation to remuneration of Players, details of their remuneration and any
benefits they are entitled to receive are fully disclosed in the Players’ contracts
and the terms thereof have been strictly observed;
H.9.3. in relation to payments to or for the benefit of Agents:
H.9.3.1. all Material Transactions between Clubs and Agents are evidenced
in writing; and
H.9.3.2. all Material Transactions between Clubs and Agents are authorised by
a person appointed by the Directors of the Club for that purpose;
H.9.4. in relation to Third Party Payments:
H.9.4.1. all contracts and arrangements in relation thereto have been entered
into by the Club with the authority of its Directors or a person appointed
by them for that purpose; and
H.9.4.2. the terms of such contracts and arrangements have been strictly
observed; and
H.9.4.3. in all such cases all elements of the Material Transaction have been
accurately and completely entered into the accounting and
administration records of the Club on a timely basis, including the
record required by Rule H.2.
Submission of the Report Old Rule
H.10. Within 10 months of the end of each of its accounting periods each Club shall cause
its Auditors to submit its Report together with its Auditors’ Report to the Secretary
on behalf of the Board and the Board shall be entitled to rely on the contents of any
Report and any Auditors’ Report in exercising its powers set out in Section W of
these Rules (Disciplinary).
D.35
Disqualification Old Rule
H.11. The Board shall have power at any time to disqualify Auditors from preparing
Auditors’ Reports.
D.36
H.12. It shall be a condition precedent to the exercise of such power that the Board
shall have communicated with the Club for which the Auditors in question act
setting out fully its reasons and inviting the Club and its Auditors within 21 days
to show cause why its Auditors should not be disqualified.
D.34
D.37
119
PREMIER LEAGUE RULES: SECTION H