People move quickly south of a European meeting place (5,10)

'meeting place' is the definition.
(venue for horse racing meetings)

'people move quickly south of a european' is the wordplay.
'people' becomes 'race'.
'move quickly' becomes 'course' (eg a river may course through the land).
'south of' is a charade indicator (letters next to each other).
'european' becomes 'scot' (Scot is an example).
'race'+'course'='racecourse'
'a'+'scot'='ascot'
'racecourse' put after 'ascot' is 'ASCOT RACECOURSE'.