Under the deal, both organisations will "continue to work closely together" to support the development of equestrian around the world.

Formed in 2004, the JOC provides a communication link between the FEI and horse owners, and is the sole body representing the views and opinions of owners.

The JOC teams up with the FEI, the international governing body for the sport, to present the Owner of the Year prize to the most successful horse in jumping each year.

“It is really good to be able to formalise the partnership between the FEI and the Jumping Owners Club through this Memorandum of Understanding”, FEI President Ingmar De Vos said. 

“We believe it's important to recognise the fundamental role of the horse owners, highlighting their dedication and contributions to our sport.

“With a mutual commitment to enrich the relationship between our two organisations, we look forward to a greater sharing of information and best practice across our sport. 

"Both organisations have a reputation for the delivery of high standards, through the exchanging of expertise. 

"From our experience in these fields we can not only learn from each other, but further develop our strong and sustainable collaboration.”

JOC President Christian Baillet signed the agreement with De Vos at the FEI headquarters in Lausanne.

"This memorandum of understanding will enable us to take a more active part in the development of the sport we are all so passionate about, while always putting our horses’ welfare in absolute priority," he said.

“I would like to thank FEI President, Mr Ingmar De Vos and his team for their support over the years. 

"We look forward to a continued and successful collaboration."