GUIDELINES AND POLICIES

EXHIBITOR STATUS

No horse may show in both divisions, Amateur and Open, in the same National Breeders Cup Championship Show.

Amateur

All Breeders Cup amateur classes are Amateur Owned classes. An Owner/Amateur class is one in which every exhibitor is either an amateur who owns the entry being shown or is an amateur member of the owner’s immediate family. Immediate family members are spouse, child, stepchild, parent, grandparents, grandchildren, step grandchildren, stepparent, sibling, aunt, uncle, niece, nephew, and in-laws. Separate legal entities, such as family corporations, trusts or partnerships, are also authorized owners of the amateur exhibitor’s horse so long as all legal and equitable owners and beneficiaries of the legal entity are individuals specifically authorized by this rule.

Horses owned by co-owners of any status will be shown in the open division. Family owned horses are not considered co-owned horses. The Board reserves the right to investigate ownership transfers of any horse at any time. “Owned” means, in addition to other legitimate methods of acquiring ownership, the bona fide legal ownership obtained for adequate consideration in reasonable relationship with the actual market value of the horse. For example, a $5 payment for a Breeders Cup Championship quality horse does not meet the required character of required ownership for competition in the NAB/NBC amateur division. Legal documentation (such as copies of marriage and/or birth certificates, etc.) must be submitted on request to NAB to document the relationship of the amateur to the owner of the participating horse.

Penalties for noncompliance may be assessed and can include forfeiture of prize money and/or suspension from future National Breeders Cup shows.

Any person is an amateur after his/her 18th birthday, who does not engage in any activities which would cause him/her to be classified as a professional by the MFTHBA or NAB. Any person is an amateur if they are under 18 years of age as of January 1 of the year exhibiting.

Relative of a Professional: Any member of a professional’s family who has reached his/her 18th birthday is a professional if he/she aids or assists in the training that makes the aforesaid a professional. Any member of a trainer’s immediate family may show a customer’s horse in an open class without experiencing a negative effect on their amateur status as long as the family member is not remunerated for the showing of the horse.

Trainer’s immediate family members over the age of18 may show in the Amateur Division provided: 1) they meet the definition of amateur as described above, and 2) they are the owner of record on the horse’s MFTHBA registration papers with completed transfer of ownership with the MFTHBA by March 1st of the year of the show in which the horse is to be shown. The horse may be owned with another nonprofessional immediate family member. Immediate family member is defined above.

Open

Any rider not meeting the requirements of amateur status as listed above shall exhibit in the Open Division without exception.