The US regulator has introduced new requirements to increase availability of issuer information and modernise the rule governing quotations for over-the-counter (OTC) securities.
The US Securities and Exchange Commission (SEC) will introduce amendments to the Exchange Act Rule 15c2-11, which sets out certain requirements with which broker-dealers must comply before it can publish quotations for securities in the OTC market. The proposed amendments are designed to modernise the rule and to enhance investor protection by requiring that current and publicly available issuer information is accessible to investors. The proposed amendments would provide greater tra