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https://www.securitieslawyer101.com/2014/otc-markets-reporting/
OTC Markets Compliance
While companies that use OTC Markets’ quotation system may elect to make limited or no disclosure, the Alternative Reporting Standard offers an appealing level of transparency without incurring the greater effort and expense associated with becoming an SEC filer.
In order to qualify for the Alternative Reporting Standard, an issuer must publish its financial reports and other material disclosure on the OTC Markets website, where it will be available to the public.
Any company that follows the Alternative Reporting Standard and posts an annual Attorney Letter, pursuant to Attorney Letter Guidelines, will be assigned to the Current Information tier.
OTC issuers that demonstrate their commitment to investors by providing timely disclosure and meet the OTCQX U.S. Qualification Standards or the OTCQX International Qualification Standards are eligible to apply for the OTCQX tier.
Benefits of the OTCMarkets Alternative Reporting Standard
A company that provides the information required by the Alternative Reporting Standard offers material information to the public through the OTC Disclosure and News Service. A company’s level of public disclosure determines the company’s classification in the OTC Pink Disclosure Tiers, symbolized by the Disclosure Tier icon on that company’s profile page at otc markets.com.
Issuers following the Alternative Reporting Standard demonstrate compliance with Federal and State securities laws and thereby reduce their risk of violating SEC Rules 10b-5 and 10b5-1 of the Securities and Exchange Act of 1934.
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