Monday, June 30, 2025 12:45:58 PM
True. They have pulled out the Management Certification and condensed other information into the new form.
They now charge $7500 instead of $5000
What's changing?
For Companies/ Issuers:
Many of the requirements, including the disclosure necessary to qualify for the OTCID Basic Market, will remain largely the same as the existing disclosure requirements for Pink Current Information. In addition to providing current disclosure, companies will need to provide an annual Management Certification or 12g3-2(b) Certification and ensure their company profile on www.otcmarkets.com is up to date.
I do not see any Management Certification filed.
But as a Canadian company I believe they come under different rules.
Apparently they must comply with Rule 12g3-2(b). I posted the link below.
What is the certification process?
Companies must provide an initial certification, to qualify for the OTCID Basic Market. On an ongoing basis, companies will be required to file their certification each year with their annual report.
U.S. companies and other companies not exempt from registration under Rule 12g3-2(b) will be required to submit an annual Management Certification to confirm basic company information, including registration and reporting requirements, shell status, beneficial ownership, and convertible debt disclosure.
International companies (those listed on a non-U.S. stock exchange) are required to complete a certification of compliance with respect to Exchange Act Rule 12g3-2(b).
https://www.sec.gov/files/rules/final/2008/34-58465.pdf
They now charge $7500 instead of $5000
What's changing?
For Companies/ Issuers:
Many of the requirements, including the disclosure necessary to qualify for the OTCID Basic Market, will remain largely the same as the existing disclosure requirements for Pink Current Information. In addition to providing current disclosure, companies will need to provide an annual Management Certification or 12g3-2(b) Certification and ensure their company profile on www.otcmarkets.com is up to date.
I do not see any Management Certification filed.
But as a Canadian company I believe they come under different rules.
Apparently they must comply with Rule 12g3-2(b). I posted the link below.
What is the certification process?
Companies must provide an initial certification, to qualify for the OTCID Basic Market. On an ongoing basis, companies will be required to file their certification each year with their annual report.
U.S. companies and other companies not exempt from registration under Rule 12g3-2(b) will be required to submit an annual Management Certification to confirm basic company information, including registration and reporting requirements, shell status, beneficial ownership, and convertible debt disclosure.
International companies (those listed on a non-U.S. stock exchange) are required to complete a certification of compliance with respect to Exchange Act Rule 12g3-2(b).
https://www.sec.gov/files/rules/final/2008/34-58465.pdf
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