Kindly be informed that the Second Review of the compliance of Securities trading on the NASD OTC Securities Exchange to the expected standards of corporate governance for the year 2021 has been completed.
NASD OTC Securities Exchange classification of admitted securities into “Blue Securities” and “Pink Securities” aims to provide the capital market community with information on securities that satisfy general market expectations. We believe that this service will enhance transparency on the inherent value in such companies, improve levels of investor confidence and improve activities on the OTC Market.
OTC Security Categorisation Ranking is based upon a disciplined, systematic approach that evaluates each stock on a broad criterion of four distinct categories: Regulatory Compliance, Corporate Governance, Disclosure and Financial performance. This approach attempts to highlights securities that provide investors with relevant information to the investing. Securities with high levels of financial reporting and corporate governance are ranked higher compared to securities with potentially falling compliance with regulatory and capital market expectations.
The issuers have now been reclassified according to their levels of compliance for the year 2021. Find more details on our website.
Regards,
