It was formed on September 5, 1992 by the government of Republika Srpska, one of the two political entities of Bosnia and Herzegovina. The main goal of the FSRS was to be recognized internationally as an independent association, with their clubs being able to compete in the First League of FR Yugoslavia. After the failure to join the newly formed Yugoslav League (consisting of clubs from Serbia and Montenegro), the association continued to boycott Bosnia's League and planned that it would be able to compete in international competitions as an independent association in the future. A separate league system, the First League of the Republika Srpska, was established in 1995, where all Republika Srpska-based first level clubs competed.