The Spanish FA have been charged 220,000 Swiss Francs (€203,359) by FIFA’s disciplinary committee for allowing both Madrid clubs to sign underage players.
The world’s governing body banned both clubs from making any new signings for two transfer windows and both clubs appeals were denied in September, ensuring that neither will be able to sign new players until 2018.
"The RFEF was found to have violated several provisions concerning the international transfer and first registration of minor players,” read a FIFA statement.
"The RFEF was sanctioned with a fine of CHF 220,000 and granted an additional deadline of six months in order to regularise its relevant regulatory framework and the existing system concerning the international transfer of minors in football within the country. In addition, the RFEF was issued with a warning and a reprimand in accordance with articles 13 and 14 of the FIFA Disciplinary Code.
"The decision was made based following investigations initially conducted by FIFA Transfer Matching System GmbH (FIFA TMS) and subsequently by the FIFA Disciplinary Committee. The investigations concerned minor players who were involved with and participated in competitions with the clubs Atletico de Madrid and Real Madrid CF over various periods between 2007 and 2014 (Atletico de Madrid) and between 2005 and 2014 (Real Madrid)."