At their Annual General Meeting in Malta, Football League clubs have maintained their commitment to good governance through the introduction of new financial reporting regulations and squad limits, as well as voting in changes to the rules relating to clubs in administration.

The new financial reporting rules will see clubs that fail to lodge their accounts with The Football League, at the same time they are required by Companies House, being hit with a transfer embargo.

Meanwhile, The League's regulations on clubs that go into administration have been amended to ensure that they are effective in instances where the football club is part of a group company. However, clubs have voted against proposals by Leyton Orient to increase Sporting Sanctions from the current ten point penalty to mandatory relegation by two divisions of the football pyramid.The Board of The Football League have now agreed to review the penalties levied on clubs that go into administration to see if they require strengthening.

Clubs have voted in favour of new rules restricting clubs' first team squads to 25 players over the age of 21, of which ten must be 'home grown' (registered in domestic football for three seasons before their 21st birthday).There will be no restriction on players under the age of 21.

The Football League's Fit and Proper Persons Test has also been re-titled the 'Director's Test' to ensure continuity with the other football bodies.

Following The Football League's Summer Conference, Chairman Greg Clarke said: "This has been a positive and constructive meeting at which we've looked at many of the important issues currently facing football and taken steps to address a number of the most pressing governance concerns."

The AGM also saw long service awards made to Scunthorpe United Director Rex Garton, Millwall Club Secretary Yvonne Haines and Hereford United's departing Vice-Chairman Joan Fennessy.