What is Horse Syndication?
Horse syndication involves the process of selling shares in a racehorse such that ownership of the horse is split between two or more part-owners. The syndicator has the responsibility for selecting the horse, finding the owners and finalizing the paperwork required for registration or transfer of ownership. Therefore, one of the advantages of buying into a syndicate is having all the hard work done for you.. As of April 2003, racehorse syndication is strictly governed by the Australian Securities and Investments Commission (ASIC). Syndicators who have met ASIC requirements are granted an Australian Financial Services (AFS) Licence. Only Licensed Syndicators are allowed to list on the Inglis Sharemarket.
