About Us
1. Instill Confidence
We aim to establish and maintain a high level of conduct and trading practice amongst Federation members, and to instill confidence in clients who wish to use a member of the Federation.
2. Support Our Members
To support those members trading as Bloodstock Agents and to advance the status of the Federation of Bloodstock Agents within the bloodstock industry.
3. Promote and Publicise
To promote and to publicise the members and their areas of specialist knowledge.
4. Representation
We represent the membership on industry bodies and to give the benefit of members experience to the bloodstock industry as a whole.
Code of Working Ethics
(Members are expected to subscribe to the ethics of the Federation.)
a) Members of the Federation are duty bound to act in the best interests of their client at all times. These interests must be considered paramount.
b) Members shall carefully consider whether any potential conflict of interest may exist in any relationship or transaction, and must advise their client accordingly.
Examples of such a conflict could include but would not be restricted to:-
(i) any relevant financial retainer with a third party.
(ii) any previous purchase of or involvement with a horse.
(i) any relevant financial retainer with a third party.
(ii) any previous purchase of or involvement with a horse.
c) Members must be diligent at all times and shall avoid misrepresentation or the concealment of pertinent facts.
d) Information arising from and relating to an agent/client relationship shall always be confidential.
e) Members shall not act in any way liable to bring the Federation into disrepute.
f) Clients of Federation members shall have the right to make representations to the Council of the Federation if they consider that a member agent has acted unethically in his/her professional conduct. The Council of the Federation is empowered to suspend or terminate the membership of any Member.
g) Members of the Federation should also be familiar with and adhere to the Bloodstock Industry Code of Practice which sets out the principles which apply to all sales of bloodstock and sales of stallion shares and nominations, be they private sales or sales at public auction.
THE COUNCIL CANNOT CONSIDER COMPLAINTS CONCERNING THE CONDUCT OF BLOODSTOCK AGENTS WHO ARE NOT MEMBERS OF THE FEDERATION.