Public Promoters of Syndication

The Australian Securities And Investments Commission (ASIC) Has Strict Requirements Regarding The Public Syndication Of Racehorses.

Prior to offering individual shares in racehorse syndicates/partnerships, promoters of such must be approved by RWWA and recorded on the Register of Approved Promoters. They must also be the holder of an Australian Financial Services Licence (AFSL) issued by ASIC. The AFSL number must be quoted in all advertisements.

For further information regarding requirements relating to offer/sale of shares in racehorses and syndication, please refer to the RWWA Information Sheet for ‘Public Promotion of Racehorse Ownership’ available below.

NOTICE TO PROSPECTIVE OWNERS “APPROVED PROMOTERS”

The following named persons are the only persons approved by RWWA and licensed by the Australian Securities and Investments Commission (ASIC) to promote ownership shares in horse racing schemes.

Prospective owners should be mindful that any person promoting shares in a racehorse must hold a current Australian Financial Services Licence (AFSL) with the *conditions shown below.

AUSTRALIAN FINANCIAL SERVICES LICENCE *CONDITIONS

This licence authorises the licensee to carry on a financial services business to:
(a) provide financial product advice for the following classes of financial products:
(i) interests in managed investment schemes limited to:
(A) horse racing schemes only; and
(b) deal in a financial product by:
(i) issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products:
interests in managed investment schemes limited to:
(1) horse racing schemes only;
to retail clients.

FURTHER INFORMATION

• Australian Securities & Investments Commission
• Relevant Regulatory Guide 91