Initial Quote Disclosure Requirements (FINRA Rule 6432) – Compliance with the Information Requirement of SEA Rule 15c2-11 – To initiate quotations on an inter-dealer quotation system for an OTC security not currently being quoted or to resume quotations after a four day absence or SEC suspension, a market maker must submit a Form 211 to FINRA. Once FINRA approves the 211, the market maker may submit a quotation to the applicable inter-dealer quotation system(s) they selected on the Form 211. See complete text of Rule 6432 .

Plain speak: In most cases, FINRA approval of Form 211 is required for new quotation on OTC Link or the OTC Bulletin Board.