OTCQX offers a compelling U.S. presence for a diverse range of companies.
Companies apply to OTCQX and are screened prior to being approved. This issuer-driven admission process sets OTCQX companies apart from all other companies in the OTC market and is a signal of quality to investors.
The OTCQX admission process includes applications from the Company and the sponsoring Principal American Liaison (PAL). The admission process can take as little as one week once companies have an OTC security quoted on OTC Link and have appointed a PAL. The main steps in the Application Process are:
- Company Appoints a Designated Advisor, called a Principal American Liaison - or PAL (Either an ADR Bank, qualified Investment Bank or Attorney)
- Create a Level 1 ADR (not required for Canadian Companies)
- Obtain Priced Market Maker Quotations in OTC Link
- Complete Application, OTCQX Agreement, and Appointment of PAL forms, and submit to OTC Markets Group
- Upload the past 2 years of public financials required by the home market exchange, in English, to the OTCQX website for investor access
- List company in a Recognized Securities Manual, such as Standard and Poor's or the Mergent Manual, so brokers can verify compliance with state Blue Sky laws and recommend the security to investors.
- Designated OTCQX Advisor (PAL) submits Initial PAL Letter confirming that the company is in compliance with OTCQX Marketplace Rules
- Approval for Trading
| Application Forms | ||
|---|---|---|
| OTCQX International Application | Word | |
| OTCQX Agreement for International Companies | Word | |
| Appointment of an Investment Bank PAL | Word | |
| Appointment of an Attorney PAL | Word | |
| Appointment of an ADR Depositary PAL | Word | |
| DAD/PAL Application | Word | |
| DAD/PAL Agreement | Word | |
| Additional Forms | ||
| OTCQX Rules for International Companies | ||
