Manchester City have avoided a transfer ban despite admitting to breaching regulations relating to the international transfer and registration of under-18 players.

The Premier League champions have instead been fined 370,000 Swiss francs (€340,000) by FIFA after breaching article 19, among others, of the world governing body's regulations on the status and transfer of players.

A FIFA statement read: "The Disciplinary Committee took into account the fact that Manchester City FC accepted its responsibility and sanctioned the club with a fine of Swiss francs 370,000." 

The club issued a statement in response to the sanction, accepting responsibility.

"Manchester City FC can confirm that it has today received a reprimand and a CHF 370,000 fine following the decision of the FIFA Disciplinary Committee concerning the international transfer of players under the age of 18, particularly in relation to their trial periods and participation in friendly games," the statement read.

"The club accepts responsibility for the breaches which arose as a result of misinterpretation of the regulations in question. All of the breaches occurred before December 2016 when guidance on the interpretation of the provisions was issued, since which date Manchester City has been fully compliant.

"The club regards highly and shares FIFA's determination to ensure the protection of minors in football and has cooperated fully with the investigation which has been transparent and evidenced based at all times."