MKT 5.1.3

(1) A Person required to appoint a Sponsor must, prior to appointing a Sponsor:
(a) take reasonable steps to ensure that the proposed Sponsor has the required knowledge, experience, qualifications and resources to carry out its obligations under these Rules; and
(b) notify the Regulator of the proposed Sponsor's name, its business address and an address in the Regulator for the service of documents.
(2) If requested by the Regulator, a Person appointing a Sponsor must provide the Regulator with information about the knowledge, experience, qualifications and resources of the appointed or proposed Sponsor.