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 the
(b) notify the
DFSA of the proposed sponsor's name, its business address and an address in the DIFC for the service of documents.
(2) If requested by the
DFSA, a Person appointing a sponsor must provide the DFSA with information about the knowledge, experience, qualifications and resources of the appointed or proposed sponsor.
Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]