Does Your Company Qualify?

Eligibility Standards

  • Be listed on a Qualified Foreign Exchange or be an SEC Reporting Company
  • Not be a Shell Company or Blank-Check Company
  • Not be subject to any Bankruptcy or reorganization proceedings
  • Submit an initial and annual PAL Letter

Disclosure Standards

  • Meet one of the following Reporting Standards:
    • International Reporting Standard
    • SEC Reporting Standard

Financial Standards

 OTCQX International


  Initial Ongoing
Penny Stock Rule Meet one of the following exemptions detailed below:

Net Tangible Assets:
$5 million: Less Than 3 Years Operations
$2 million: 3+ Years Operations

OR

Revenue:
$6 million average for last 3 years

OR

Bid:
$5; and
One of the below:
Net Income: $500,000
Net Tangible Assets: $1 million
Revenues: $2 million
Total Assets: $5 million
Bid Price $0.25 $0.10
Global Market Capitalization $10 million $5 million
Price Quotes by Market Makers on OTC Link ATS 1 2 (within 90 days)
Shareholders 50 beneficial shareholders each owning at least 100 shares 50 beneficial shareholders each owning at least 100 shares

 OTCQX International Premier


  Initial Ongoing
Penny Stock Rule Meet one of the following exemptions detailed below:

Net Tangible Assets:
$2 million

OR

Revenue:
$6 million average for last 3 years
Global Market Capitalization $1 billion $500 million
Average Weekly Volume for the previous 6 months (based on the security or underlying security on the Company’s Qualified Foreign Stock Exchange) 200,000 shares or $1 million 100,000 shares or $500,000
Price Quotes by Market Makers on OTC Link ATS 1 4 (within 90 days)
Operating History 5 years

Financial standards must be met based on audited financial statements dated within the past 15 months.

For more detailed information on how to qualify for OTCQX International, please see the OTCQX Rules for International Companies.


OTCQX Rules for International Companies (Version 7.0) is applicable to companies that join OTCQX after January 1, 2016.

Companies on OTCQX as of December 31, 2015, will not be subject to the new eligibility standards in OTCQX Rules for International Companies (Version 7.0) until 2017. Bid price, market capitalization and minimum market maker standards will be effective for these companies on January 1, 2017. Companies will be required to demonstrate compliance with additional financial and corporate governance standards, if applicable, no later than the publication of their annual report during calendar year 2017. OTCQX Rules for International Companies (Version 6.8) will be applicable until 2017 for companies on OTCQX as of December 31, 2015.

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