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47.3 There shall be two categories of temporary loan transfers allowed: Standard Loans and Emergency Loans. The following restrictions shall apply to both types of loan:
47.3.1 A maximum of 5 loan Players (either Standard or Emergency) can be named in the sixteen Players listed on a team sheet for any individual match. This figure shall include any additional loan of a goalkeeper approved by the Executive under the provisions of Regulation 49.
47.3.2 No more than 4 loan Players (either Standard or Emergency) may join one Club from another Club in any Season.
47.4 Clubs shall be permitted to charge or pay fees in respect of any temporary loan transfer (hereafter a 'Loan Fee'). The provisions of Regulation 44 shall apply in respect of the method of payment (and all associated matters relating thereto) of any Loan Fee save as follows:-
47.4.1 Regulation 44.2.2 shall not apply;
47.4.2 any such Loan Fee shall be payable on or before the date agreed between the parties, the latest of which must be 30th June immediately following the conclusion of the Season in which the temporary loan transfer commenced; and
47.4.3 payment of any levy in accordance with the provisions of with Regulations 44.2.8,
44.2.9 and/or 44.2.11 shall only become payable where a temporary loan transfer is subsequently made permanent. In such circum stances the appropriate levy payable shall be 5% of the aggregate amount of any Loan Fee and/or subsequent transfer/compensation fee payable in respect of the same Player.

48 Standard and Emergency Loans
48.1 Standard Loans. Subject to the provisions of Regulation 47.3, Standard Loan transfers shall only be approved in accordance with following provisions:-
48.1.1 Subject to the proviso that the duration of a Standard Loan must be the time between two Registration Periods, Standard Loans can be for half a Season or a full Season.
Any recall clause requiring the early termination of a Standard Loan can only be included in a full Season Standard Loan and this can only be activated during the second (January) Registration Period .
48.1.2 Notwithstanding the provisions of Regulation 48.1.1, a Standard Loan of a goalkeeper (but not otherwise) may be subject to a recall clause exercisable at any time. Any recall may only be implemented in extenuating circumstances and with the consent of the Executive, such extenuating circumstances to be determined in the Executive's absolute discretion. A goalkeeper shall not be permitted to resume any Standard Loan following the exercise of a recall.
48.1.3 A Club can have a maximum of 4 Players under 23 and a further 4 Players over 23 on a Standard Loan during any Season. The deadline for determining a Player's age in this respect shall be 30 June prior to the Season in which the Standard Loan is intended to take place.
48.1.4 No more than 2 Players who are over 23 may join one Club from another Club on a Standard Loan in any Season.
48.1.5 Standard Loans which subsequently become permanent transfers shall not count against a Club's quota of such Standard Loans for that Season.

48.2 Emergency Loans. Subject to the provisions of Regulation 47.3, Emergency Loan transfers shall only be approved in accordance with the following provisions:-
48.2.1 Emergency Loans are permitted both during the Registration Periods and, subject to the provisions of Regulation 48.2.2, also during a Closed Period.
48.2.2 Notwithstanding the provisions of Regulation 48.2.1, a Player cannot be registered on an Emergency Loan:-
a) during the period of seven days after the end of a Registration Period;
b) in the first hall of the Season, after 5pm on the fourth Thursday in November; and
c) in the second half of the Season, after 5pm on the fourth Thursday in March unless in accordance with the provisions of Regulation 49.
48.2.3 Except for the specific circumstances provided for in Regulations 48.2.4, 48.2.5 and
49, the minimum duration of any Emergency Loan shall be 28 days and the maximum duration 93 days. The loan period is inclusive of the starting date and the finishing date. Emergency Loans may contain a break clause but only where that break clause is exercisable after the expiry of the initial 28 day period of the Emergency Loan.
48.2.4 Emergency Loans involving goalkeepers (but not otherwise) may be subject to a recall clause within the first 28 days. Any recall may only be implemented in extenuating circumstances and with the consent of the Executive, such extenuating circumstances to be determined in the Executive's absolute discretion.
48.2.5 The Executive shall have discretion to extend the maximum duration of 93 days in extenuating circumstances, such circumstances to be determined in the Executive's absolute discretion.
48.2.6 Subject to Regulation 48.2.7, where the Emergency Loan of a Player expires (and is not renewed simultaneously) any subsequent Emergency Loan of that Player to the same Club will be subject to a minimum duration of 28 days as set out in Regulation 48.2.3.
48.2.7 The cumulative total number of days of all Emergency Loans of one Player to the same Club may not exceed 93 days (unless extended by the Executive in accordance with the provisions of Regulation 48.2.5).
49 Emergency Loan of Goalkeepers. If all the professional goalkeepers at a Club are either certified by an Independent medical practitioner as being unfit to play or are suspended, a Club may register (either before or after the deadlines laid down in Regulation 48.2.2), a further goalkeeper on a short term Emergency Loan in accordance with the following provisions>
49.1 The Executive shall allow a Club to sign such a goalkeeper for a period of 7 days (notwithstanding the provisions of Regulation 48.2.3), inclusive of the starting date and finishing date.
49.2 Any such short term Emergency Loan shall be subject to The League, in appropriate circumstances, having received (Including by facsimile) the appropriate medical certificate(s)
and the Executive having confirmed that the circumstances conform to the provisions of this Regulation.
The period of any short term Emergency Loan of a goalkeeper may be renewed for 7 days at a time but further medical certification must be provided on each occasion.

49.4 Any short term Emergency Loan in respect of the same goalkeeper may not exceed 93 days during any Season.
49.5 The provisions of Regulation 47.3.2 shall not apply to the Emergency Loan of a goalkeeper.