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MKT 7.1.3

(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 the Rules; and
(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]