The deadline related to OTC markets in July 2025 is the launch of the OTC Markets Group's new OTCID Basic Market, which is scheduled for July 1, 2025. This new market will replace the current Pink Current market, requiring greater disclosure from companies.
Here's a breakdown:
OTC Markets Group's OTCID Basic Market:
This new market will launch on July 1, 2025, and will require companies to provide a management certification to qualify.
Transition from Pink Current:
Companies currently in the Pink Current market will need to meet the new OTCID requirements by July 1, 2025, or they will be transitioned to the Pink Limited Market or Expert Market, depending on their situation, according to OTC Markets Group.
Management Certification:
Companies must provide an initial management certification by July 1, 2025, and then annually with their annual report.
Purpose of OTCID:
The goal of OTCID is to enhance transparency for investors by requiring greater disclosure from companies, according to OTC Markets