Upgraded OTCQB Standards Celebrating 3 Years This Month
It’s hard to believe that it’s been 3 years since OTC Markets Group introduced new standards for the OTCQB.
With the introduction of higher OTCQB standards in 2014, OTC Markets removed more than 2,000 companies from OTCQB for failing to meet the new requirements because they did not pass the minimum bid price test, were delinquent in their financial filings, bankrupt, or unwilling to provide background information. These companies continued to trade on the Pink Open Market.
Today, close to 900 OTCQB companies have undergone the enhanced OTCQB company verification and management certification process and provide high-quality disclosure to investors.
OTC Markets continues to improve the QB tier and , as of this May, companies that follow the Alternative Reporting Standard can now qualify for OTCQB. These companies would be required to make public disclosure available pursuant to the Alternative Reporting Standard Disclosure Guidelines for OTCQX and OTCQB and meet certain corporate governance requirements.
Learn more HERE.