Kieren Fallon looks set to return to the saddle in September next year after the British Horseracing Authority (BHA) announced it had concluded its investigation into laying activity on 27 races which took place in 2003 and 2004.

The six-times champion jockey will also not face any further action from the BHA in relation to last year's Old Bailey trial, which ended in Fallon and five others being found not guilty of all charges.

Fallon is currently serving a worldwide suspension having tested positive for cocaine, but it is anticipated that he will be back in saddle when that ban ceases in 10 months' time.

In a statement the BHA said Fallon "accepted that his attitude to inside information has in the past been reckless, conceding that he has been too free with such information."

It added that Fallon has also committed "to ensure he is and remains both drug-free and compliant with Rules of Racing regarding the use of inside information."

Fallon will have to appear before a licensing panel of the BHA before resuming his right to ride.