Fergal Lynch can race again after the British Horseracing Authority (BHA) agreed to grant him a jockey's licence.
Lynch has not ridden since being charged as part of the City of London police investigation into alleged race-fixing last year.
Lynch, along with weighing-room colleagues Kieren Fallon and Darren Williams and three others, was acquitted earlier in the month after the trial collapsed at the Old Bailey.
Paul Struthers, public relations manager at the BHA, said: "The licensing committee made it clear to Fergal Lynch that its role was not to consider any disciplinary matters that may or may not follow the City of London trial. They are matters for consideration by the disciplinary panel in due course, once the review of the evidence relating to the trial is complete.
"However, the committee did need to consider whether Fergal Lynch was a suitable person to hold a licence, particularly when considered in the context of some of the admissions made in court by Fergal Lynch's counsel.
"The committee did question Fergal Lynch about these matters but, in light of the review of evidence being undertaken by the legal department, the time elapsed since the events raised in court took place, and having highlighted to Fergal Lynch the relevant Rules of Racing - including the new Inside Information rules - the committee decided to grant Fergal Lynch a licence."
Yesterday's meeting at Folkestone was abandoned because of a frozen track.
The track experienced a colder than expected night, forcing clerk of the course Neil Mackenzie Ross to call an initial 9am inspection.
That look proved inconclusive, with another check staged at 10.30am.
Mackenzie Ross then planned to look again at 11.30am but he made an earlier decision after conditions failed to improve.