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.
Read more about this topic: Jockey Club
Famous quotes containing the word system:
“All who wish to hand down to their children that happy republican system bequeathed to them by their revolutionary fathers, must now take their stand against this consolidating, corrupting money power, and put it down, or their children will become hewers of wood and drawers of water to this aristocratic ragocracy.”
—Andrew Jackson (1767–1845)