All shareholdings on CHESS (Clearing House Electronic Sub-register System) have a sponsor. The sponsor will be a broker or an issuer (listed company). Your shares will be issuer-sponsored if you bought the shares direct from the company through an initial public offering (‘float'). You can be sponsored on CHESS by more than one broker or issuer and maintain holdings in the same security under different sponsorships. When you are buying and selling shares through a particular broker they may require you to be sponsored on CHESS by them. This can be achieved by completing a CHESS Sponsorship Transfer Form during the application process.