✨ Bloodstock Syndication Regulations
30 SEPTEMBER 2009 NEW ZEALAND GAZETTE, No. 144 3481
AUTHORISED SYNDICATOR STATUS
..................................................................................... is an Authorised Syndicator in accordance with the Securities Act (Bloodstock) Exemption Notice [1997] [2002]. Thoroughbred Racing and the Securities Commission in no way endorse or guarantee investment in this venture nor accept responsibility for any representation made herein, any liability arising from this venture or any loss incurred by any participant in it.
APPLICANT ACKNOWLEDGMENT
I hereby acknowledge receipt of this Disclosure Statement. I confirm that I will not consent or agree to any alteration to the Syndication Agreement or constitution without the consent of the Board.
Dated this .......................................... day of .................................................. 20 ....................
Witness:
Signature: ..................................................
Name: ........................................................
Occupation:
Address: ....................................................
Signature: ..................................................
Name: ................................................................
Address:..............................................................
STATEMENT OF STANDARD INDUSTRY RISKS
Breeding
(a) The Syndicate’s/Bloodstock Company’s primary source of income will be the sale of yearlings. The price of yearlings is normally determined at auction and to some extent the interest expressed in particular bloodlines is dictated by “fashion” which is affected by such factors as the racetrack success of related progeny.
(b) It would be unusual for a broodmare to produce a foal every year of its breeding life.
(c) The commercial value of stallion shares may be reduced significantly if the progeny of the stallion fail to perform to expectations on the racetrack.
(d) Deaths from accidents and natural causes, and poorly conformed progeny (which reduces sales prices), occur from time to time.
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NZ Gazette 2009, No 144
✨ LLM interpretation of page content
🌾
Bloodstock Syndication Code of Practice
(continued from previous page)
🌾 Primary Industries & ResourcesBloodstock, Syndication, Regulations, Fees, Risks, Insurance, Borrowing, Security, Racing, Acquisition, Power of Attorney, Disclosure
🌾 Authorised Syndicator Status
🌾 Primary Industries & ResourcesBloodstock, Syndication, Authorised Syndicator, Securities Act, Thoroughbred Racing, Securities Commission
🌾 Applicant Acknowledgment
🌾 Primary Industries & ResourcesBloodstock, Syndication, Disclosure Statement, Acknowledgment, Witness
🌾 Statement of Standard Industry Risks
🌾 Primary Industries & ResourcesBloodstock, Syndication, Risks, Breeding, Yearlings, Broodmare, Stallion Shares