ARTICLE · 15 APRIL 2014

OTCQB Adopts Eligibility Requirements

Clark Wilson LLP

To be eligible to trade on OTCQB, companies will be required to meet a bid price test, submit an annual certification and pay fees.

CanadaCorporate/Commercial Law

Jun Ho Song

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OTC Markets Group announced that to be eligible to trade on OTCQB, the middle marketplace of OTC Markets Group, companies will be required to meet a bid price test, submit an annual certification and pay application and annual fees.

OTC Markets Group states that the new eligibility standards are being implemented in order to make OTCQB a better venture stage marketplace. To do so, OTC Markets Group is creating standards to improve transparency and exclude companies that are most likely to be associated with stock promoters and other nefarious operators, and improve the information and level of engagement companies have with their marketplace.

To be eligible for initial trading on OTCQB, SEC reporting companies must meet the following initial requirements:

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OTCQB Adopts Eligibility Requirements

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