BHA launches consultation into the regulation of shared ownership
The BHA has launched a consultation into the regulation of shared ownership within racing with the aim of protecting existing owners while increasing the appeal for potential new ones.
The consultation, which was launched this week, forms part of one of the nine key goals for British racing's recovery plan and will look to ensure that shared ownership meets the needs of the sport's participants.
Some of the key areas to be investigated include how the current registration structures can support evolving ownership models, and how prospective owners can make informed decisions about shared ownerships.
How the process can be strengthened to mitigate risks and promote growth will also be looked at.
Once the consultation is completed, the responses will be analysed by the BHA with recommendations drafted and discussed with industry stakeholders.
The final decisions are intended to be published early next year.
The BHA's chief operating officer Richard Wayman said: "The acquisition and retention of racehorse owners has never been more crucial to the future prospects of British racing. Shared ownership is an affordable and fun way to enjoy racehorse ownership and has been steadily on the rise in recent years.
"However, we have also seen a small number of incidents both in Great Britain and abroad, which have highlighted the risks posed by shared ownerships which are not properly run.
"This consultation provides an opportunity for us to work proactively by gathering feedback from those with experience of shared ownership as well as the wider racing industry."
Of the announcement, ROA chief executive Charlie Liverton said: "This is a welcome and much-needed consultation. Obtaining owners' opinions in order to develop the regulation of syndicates will ensure a fairer playing field for all.
"Shared ownership is an important part of the future of racing so it’s vital that we give syndicate members comfort that they will be supported where issues arise."
The consultation is open to everyone in the form of an online survey which will run for eight weeks, and can be accessed by clicking here.
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