GN3 Companies
8.20
Rule 8.04(3)(c) of the ACE LR requires a GN3 Company to retain the services of a Sponsor for at least 3 full financial years after it is no longer considered a GN3 Company. Who can be the GN3 Company's Sponsor in this instance?
The Sponsor who is appointed by the GN3 Company in Question 8.19 above must act as the GN3 Company's Sponsor in this instance for at least the first full financial year. After that, the GN3 Company can either retain that Sponsor or retain another person from the Register of Sponsor to be the GN3 Company's Sponsor for the remaining 2 full financial years.