An Additional Syndicate Horse form (link https://www.racehorseownership.ie/register-with-hri/registration-forms/) must be lodged for each horse racing under the syndicate name. This form requires all the members to sign up to the new horse. Each member signing must have received and signed copy of the syndicates Code of Conduct.
No, HRI documents are not legally binding and for that reason HRI advises new and current owners to have a written agreement drawn up between themselves stating any private details of actual ownership etc. Ideally this should be witnessed by a solicitor.
Colours, Authority to Act, Syndicates and Partnerships etc are all renewed annually (unless otherwise stated) and are done so automatically. You will receive a cancellation correspondence in December ahead of the new year. It is t important to keep all registrations up-to-date in order to prevent any incorrect charges e.g. an authority to act for a past trainer or an old set of colours no long in use etc.
You can do this via the app here(link https://www.racehorseownership.ie/teamcolours/). Alternatively you can choose to call the Registrations Dept (045 455424) where a provisional check can be carried out.
If all members are already registered owners and if the horse is already named, the partnership will be set up on the day the partnership form is lodged. If one or more of the members have to register as an owner, the partnership will not be set up until two days after the ownership forms have been lodged correctly.
Sole Owner (4 cards), Syndicate (4 cards), Partnership (4 cards), Company (4 cards) and Club (4 cards). All ownership formats are also permitted to additional admissions. For more on ticketing see here (link https://www.racehorseownership.ie/tickets/)
Agent must submit a letter confirming: 1) Wishes to resign 2) Who the new agent is 3) Transferring colours & account balance to the new agent 4) Confirming if he is remaining a member or not. The new agent must then 1) Register as an owner 2) Complete a colours & authority to act form 3) Get all members to resign Syndicate forms for each horse still in the Syndicate.
All syndicate and clubs must have a Code of Conduct in place. This document should outline all elements of how the syndicate or club is to be managed and member entitlements. HRI can request to see this document at any time. All members must sign and receive a copy of the code of conduct. It should also be signed by the agent.
All sole owners and partners will have a HRI account. In the case of syndicates, clubs and companies there will be one account, which the agent can access. This account is used for racing administration charges, race associated fees and prizemoney. You can also pay your trainer and associated fees from you HRI account, on request.
An Authority To Act is an agreement whereby a Registered Owner authorises a Licensed Trainer (or their duly appointed sub-agent) to act on their behalf for the administrative purposes associated with the training of a Racehorse. It is an annual charge.
This authority to act allows the appointed trainer carry out various racing administration in relation to returning horses in/out of training, update to ownership detail, entries and declarations. Authority To Act agreements allow for the efficient and fluent administration of racing by the trainer.
However, we strongly recommend that Owners take cognisance of the power that they are bestowing on a Trainer when registering an Authority To Act agreement.
Any prize money won by the owner will be lodged into your HRI owner account. For the owner to withdraw money from their HRI account bank account details are required. HRI will not have the ability to withdraw money from your bank account – it is only for making lodgements.
For a horse to race under your name, syndicate, partnership etc, you must register these details with HRI. Registering as an owner with HRI is for race track purposes and is not relevant to point-to-pointing.
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