Cash Companies
8.11
Rule 8.03(5)(b) of the ACE LR requires a Cash Company to retain the services of a Sponsor for at least 3 full financial years after it is no longer considered a Cash Company. Who can be the Cash Company's Sponsor in this instance?
The Sponsor who is appointed by the Cash Company in Question 8.10 above must act as the Cash Company’s Sponsor in this instance for at least the first full financial year. After that, the Cash Company can either retain that Sponsor or retain another person from the Register of Sponsor to be the Cash Company’s Sponsor for the remaining 2 full financial years.