On Wednesday, the OTC Markets Group revealed the OTCID Basic market, which the company described as a “major structural upgrade” to the stock scene in the United States (OTC).
It replaces the current current pink market, which is said to be a more transparent class based on rules aimed at improving the investor’s disclosure and confidence.
The newly launched market requires companies to meet specific criteria, including quarterly and annual financial reports, management certificates, and the features of the updated company.
“We support companies that choose to communicate with the market and adhere to the consistent and continuous disclosure in a timely man
“This data flows directly to investor screens and mediator dealer, enhancing transparency, improving price discovery, and leading better results.”
The OTC Markets Group said a total of 1,237 securities from the United States and the main international markets, including Canada, Australia, the United Kingdom, Japan and Hong Kong, said, I have already taken the necessary steps to meet OTCID requirements.
OTC Markets stated that this initiative provides a strategic entry point for companies that interact with American investors, noting that 61 exporters, including Bayer AG and OMV AG, have since moved to the best OTCQX market.
Companies that have failed to meet the criteria for detecting otcid have been deported to limited markets or limited experts, as the last retail investor is prohibited.
The company said that the reform aims to create clearer differences between active and in active exporters and enhance a more efficient and transparent market.