The New System
These regulatory responsibilities were transferred to a new Horseracing Regulatory Authority (HRA) from 3 April 2006. It should be pointed out that this major re-organisation did not arise from a fundamental failure of the existing arrangements, but an understanding that the old system might not meet modern conditions. The HRA itself ceased to exist on 31 July 2007 as its regulatory duties were merged with the governing responsibility of the British Horseracing Board to create the new British Horseracing Authority.
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Famous quotes containing the word system:
“In the course of the actual attainment of selfish ends—an attainment conditioned in this way by universality—there is formed a system of complete interdependence, wherein the livelihood, happiness, and legal status of one man is interwoven with the livelihood, happiness, and rights of all. On this system, individual happiness, etc. depend, and only in this connected system are they actualized and secured.”
—Georg Wilhelm Friedrich Hegel (1770–1831)