shared ownership

New regulations designed to "support public confidence" are to be introduced for syndicates and racing clubs in Britain. The British Horseracing Authority (BHA) has announced that the 10 key measures, which include strengthening the existing code of conduct for syndicates and introducing the same for racing clubs, will be phased in over the next 12 months. Presently, all publicly advertised syndicates that charge a management fee must provide members with a contract that covers specified areas. Contract requirements will be extended and the BHA will increase its auditing of these...