OTC Markets Proposes Amendments to OTCQX Rules and New Rules for US Banks

more+
less-
more+
less-

On February 13, OTC Markets Group (OTC) proposed amendments to the OTCQX Rules for both US and international companies. The OTCQX is the highest market tier for over-the-counter trading on the OTC Markets. These proposed amendments include changes to, among other things, the roles market professionals designated by OTCQX companies are required to serve for such companies, initial eligibility standards and requirements as to the dissemination of material information. The OTC will be accepting comments on the proposed amendments through March 16, 2014. The proposed amendments will become effective on March 17, 2014 (other than the amendment regarding disclosure of material information, which will become effective on May 17, 2014).

To read the full text of the proposed amendments to the OTCQX Rules for US companies, click here.   

To read the full text of the proposed amendments to the OTCQX Rules for international companies, click here.   

Also on February 13, the OTC announced the publication of a new set of OTCQX Rules for US banks in connection with a new OTCQX banks marketplace that the OTC plans to launch in spring 2014. These rules establish the application, eligibility, disclosure and continued qualification requirements for US banks admitted to the OTCQX. 

To read the full text of the OTCQX Rules for US banks, click here.

Written by:

Published In:

OTC

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×