Regulation

A new licence for racehorse syndicators and racing club managers, which aims to further strengthen the regulation of shared ownership, was introduced on Thursday by the British Horseracing Authority (BHA). The licence will apply to anyone wishing to manage a syndicate or racing club that advertises publicly or that they are paid to administer. This includes licensed trainers who run their own syndicate or racing club. Its introduction follows a period of engagement with stakeholders, including an industry-wide consultation, to ensure that the regulation keeps pace with the increasing appeal...