(1) Pursuant to section 83 of the FSMR, the Regulator may, where it considers it appropriate to do so, require a Person who makes or intends to make a Prospectus Offer to:
(a) appoint a Sponsor in respect of the Prospectus Offer; or
(b) provide third party certification in respect of any specific matters relating to the Prospectus Offer.
(2) Where the Regulator requires a Sponsor to be appointed pursuant to (1)(a), the Regulator must:
(a) do so in sufficient time to enable the Sponsor to comply with the requirements in this Chapter and
(b) require such appointment to be effective for the Offer Period or such other period as the Regulator determines as appropriate.