Where a new applicant has more than one sponsor:
(1) the Exchange must be advised as to which of the sponsors is designated as the sponsor who would be the primary channel of communication with the Exchange concerning matters involving the listing application;
(2) the listing document must disclose whether each sponsor satisfies the independence test at rule 3A.07 and, if not, how the lack of independence arises; and
(3) each of the sponsors has responsibility for ensuring that the obligations and responsibilities in this Chapter are fully discharged.
Note: The Exchange would normally expect the sponsor acting as the primary channel of information to be independent from the new applicant.