OTC Pink Current Information- The following minimum disclosure is required to maintain OTC Pink Current Information status on OTC Markets: If the company is subject to the Exchange Act reporting requirements, compliance with such reporting requirements will satisfy the financial reporting requirements for Current Information;
• If not subject to the Exchange Act reporting requirements, a company must post annual financial statements, on the OTC Markets website including a balance sheet, income statement, statement of cash flows and notes to financial statements, for the previous two fiscal years or from inception if the company is less than two years old, which annual report must be filed within 90 days of fiscal year end;
• If the financial statements are audited, the auditor report must be posted though audited financial statements are not required;
• If the company’s financial statements are not audited, an annual Attorney Letter and Attorney Letter Agreement must be posted within 120 days of fiscal year end;
• If not subject to the Exchange Act reporting requirements, a company must post quarterly financial statements on the OTC Markets website within 45 days of the end of each fiscal quarter;
• The company profile page on OTC Markets must be current and accurate;
• The company must file annual and quarterly reports with narrative information and CEO and CFO certifications that track SEC Rule 15c2-11 disclosures;
• A company must file a Form 8-K if SEC reporting or submit a news release within 4 days of any of the following:
• Entry or Termination of a Material Definitive Agreement
• Completion of Acquisition or Disposition of Assets, Including Mergers
• Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
• Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
• Costs Associated with Exit or Disposal Activities
• Material Impairments
• Sales of Equity Securities
• Material Modification to Rights of Security Holders
• Changes in the company’s Certifying Accountant
• Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
• Changes in Control
• Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
• Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
• Amendments to the company’s Code of Ethics, or Waiver of a Provision of the Code of Ethics
• any other material events

In addition, to maintain Current information status, a company must subscribe to the OTC Disclosure & News Service and pay an annual fee of $4,200 and a one-time set-up fee of $500. #LawCast