Excerpts from the minutes of the meeting of the Board of the Philippine Racing Commission (Philracom) held on 26th March 2014 at 4th Floor Electra House Bldg., Esteban St., Makati City.

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RESOLUTION NO. 15-14

SERIES OF 2014

            WHEREAS, the Philippine Racing Commission (PHILRACOM) has the exclusive jurisdiction and control over all aspects of the conduct of horse racing as provided for under Presidential Decree No. 420;

            WHEREAS, the Commission continuously craft ways and means for the racehorse investors a better chance to recoup their investment and a longer period of racing career is germane to it;

            WHEREAS, one of the activities to remedy this eventual problem is to extend the retirement age of local race horses;

            NOW THEREFORE RESOLVED, that the retirement age of local race horses be increased or extended from the current twelve (12) to fourteen (14) years old by end of December from year of foaling and has to be retired on the 1st of January immediate following year under the following conditions:

  1. The horse must first undergo and pass soundness test on limping, lameness, roaring, and epistaxis (bleeding of nose) from any PHILRACOM- licensed veterinarian and validated by PHILRACOM veterinarian; and;
  1. The horse can run only once a month on its last twelve (12) months of its racing career.

            APPROVED AND SIGNED by the undersigned Chairman and Commissioners of the Philippine Racing Commission, this 2nd of April 2014 at Makati City Philippines.

APPROVED BY:

HON. ANGEL LOPEZ CASTAƑO, JR.

Chairman

HON. REYNALDO G. FERNANDO

Commissioner

 

HON. LYNDON NOEL B. GUCE

Commissioner

HON. EDUARDO B. JOSE

Commissioner

 

HON. FRANCO L. LOYOLA

Commissioner

HON. VICTOR V. TANTOCO

Commissioner

 

HON. JESUS B. CANTOS

Commissioner