179.This section enables the competent authority to make listing rules requiring issuers of listed securities, or issuers seeking admission to the list, to appoint a sponsor.
180.Subsections (2) and (3) allow the competent authority to approve persons who may act as a sponsor, and to maintain a list of such persons.  They also allow the relevant listing rules to specify particular services which must be performed by a sponsor (for example a sponsor might be required to certify that certain requirements for listing are met).
181.Subsections (4) to (7) apply the standard warning notice and decision notice procedure where the competent authority proposes to refuse a person’s application for approval as a sponsor, or to cancel such approval, and provide the right to refer the matter to the Tribunal where a decision notice is given.
Commentary on Sections Part Vi: Official Listing Section 88: Sponsors