Stewart Regan, the SFA chief executive, said on Saturday that King's position would only be considered if a formal request is made to accept his appointment to the Rangers board.
Regan was asked about King after comments that were attributed to the former Ibrox director when he flew into Scotland on Friday. When interviewed at the airport, though, King spoke about being certain that he will face no issues with the Alternative Investment Market regulations related to joining the Rangers International Football Club plc board. King has completed all the relevant paperwork.
He flew to London yesterday for further scheduled discussions with relevant figures around the Rangers situation, having held six meetings during his time in Scotland. King hopes to find a way to unite the shareholder factions, bring unity to the board and allow it to reconnect with the fan base. He would also like to spearhead a fresh round of fundraising, but any appointment to the RIFC board would need to be ratified by the SFA.
"I was clarifying my position as it related to AIM regulations," King said of his comments on Friday. "There have been no prior interactions with the SFA. If appropriate, I will follow the due process, and I am confident that there would be no impediment to passing the criteria."
At the end of his long-running dispute with the South African Revenue Services, all fraud charges against King were dropped, and he admitted to 41 minor breaches of the Income Tax Act. Having paid his fines, and settled his outstanding taxes, King is free to invest at home and abroad, and remains executive chairman of his Micromega investment firm.
He acknowledges due SFA process must be observed, with the relevant documentation and disclosures needing to be assessed by the governing body's board. His only discussion with Regan was in June 2012, when King sought clarity on the SFA's requirements.