Its Coming ($SNPW OTCID) In July 2025, OTC Market
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Posted On: 06/06/2025 10:09:25 AM
Its Coming ($SNPW OTCID) In July 2025, OTC Markets is launching OTCID, a new basic reporting market that replaces the current Pink Current tier.
https://blog.otcmarkets.com/2025/04/23/3-thin...-of-otcid/
This new tier aims to enhance transparency and accountability by requiring companies to meet minimal disclosure standards and provide management certifications. Companies currently listed on OTCQB or OTCQX will not be affected by this change.
Here's a more detailed explanation:
What is OTCID?
OTCID stands for OTC Identification, and it's designed to be a basic reporting market below the premium OTCQB and OTCQX markets.
Why is it being introduced?
OTC Markets believes this change will improve transparency and provide investors with clearer insights into the level of disclosure and engagement from companies trading in the OTC market.
How will it impact companies?
Companies will need to meet certain disclosure standards and provide management certifications to qualify for the OTCID Basic Market.
What happens if companies don't meet the requirements?
Companies that don't meet the OTCID requirements may be downgraded to the Pink Limited or Expert Market.
Key features of OTCID:
Minimal Disclosure Standards: Companies must meet basic reporting obligations.
Management Certifications: Companies must provide management certifications.
Enhanced Transparency: The goal is to improve transparency and accountability in the OTC market.
Distinction from Other Markets: OTCID differentiates between companies actively engaged in disclosure and those that aren't.
icymi
https://blog.otcmarkets.com/2025/04/23/3-thin...-of-otcid/
This new tier aims to enhance transparency and accountability by requiring companies to meet minimal disclosure standards and provide management certifications. Companies currently listed on OTCQB or OTCQX will not be affected by this change.
Here's a more detailed explanation:
What is OTCID?
OTCID stands for OTC Identification, and it's designed to be a basic reporting market below the premium OTCQB and OTCQX markets.
Why is it being introduced?
OTC Markets believes this change will improve transparency and provide investors with clearer insights into the level of disclosure and engagement from companies trading in the OTC market.
How will it impact companies?
Companies will need to meet certain disclosure standards and provide management certifications to qualify for the OTCID Basic Market.
What happens if companies don't meet the requirements?
Companies that don't meet the OTCID requirements may be downgraded to the Pink Limited or Expert Market.
Key features of OTCID:
Minimal Disclosure Standards: Companies must meet basic reporting obligations.
Management Certifications: Companies must provide management certifications.
Enhanced Transparency: The goal is to improve transparency and accountability in the OTC market.
Distinction from Other Markets: OTCID differentiates between companies actively engaged in disclosure and those that aren't.
icymi
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