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Equities Admission Process

Access new sources of capital and connect with investors through the NASD marketplace. Our markets provide flexible admission routes designed to support companies at different stages of growth.

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About the Equities Market

The NASD OTC equities market provides a regulated venue for trading shares of public companies that are not listed on a traditional exchange. It enables shareholders to access liquidity while allowing companies to build visibility, price discovery, and investor engagement.

Through admission, your company gains exposure to a broad network of investors, market makers, and institutional participants — supported by transparent rules and modern infrastructure.

Best Suited for

  • Public companies not listed on another exchange
  • Companies seeking liquidity for shareholders
  • Organisations funding expansion or projects
Trader monitoring NASD market data across multiple screens

Requirements for Admission

Follow these steps to admit your company or security to the NASD Equities Market.

NASD

Equities Requirements Document

Download the full admission document for detailed disclosure requirements and obligations.

Download

Company Admission Process

Follow these steps to admit your company to the NASD Equities Market.

  1. Pre-Admission
    Step 1

    Pre-Admission

    Board appoints Issuing House, fills application, and returns with fee. Board submits signed undertaking to comply with NASD OTC Rules.

  2. Review
    Step 2

    Review

    NASD will review company structure. After due diligence, NASD will give approval in principle.

  3. Approval & Admission
    Step 3

    Approval & Admission

    Company will open a register with CSCS. 100% dematerialisation of shares can commence.

  4. Announcement
    Step 4

    Announcement

    Company announces admission to NASD OTC Market. Trading on securities commences.

View Detailed Admission Guidelines

Security Admission Process

A faster route for admitting individual securities of unlisted public companies.

  1. Indicate Interest
    Step 1

    Indicate Interest

    Investor indicates interest to liquidate shares in an unlisted public company and contacts a broker.

  2. Submit Form
    Step 2

    Submit Form

    Broker fills and submits NASD Form 3 with supporting documents. Administrative fee for code creation is required.

  3. Code Creation
    Step 3

    Code Creation

    NASD generates a security code and ISIN number in collaboration with CSCS, where the shares are lodged. Following this, NASD informs stakeholders, and trading begins.

Contact a Registered Broker

FAQs

Some of the commonly asked questions about Company Admission in our Equities Market.

  • What is the Equities Admission Process?
    It is the process for listing the shares of public companies on NASD for trading.
  • Who can apply for equities admission?
    Public companies looking to offer shares to investors. (Company admission)Shareholders looking to trade shares (Security admission)
  • What are the key requirements for admission?
    You need proper company records, financial statements, and sec registration of the company, where required board approval (for company admission).
  • Do I need a sponsor or advisor?
    Yes. A licensed market operator or advisor will guide your application.
  • How long does the admission process take?
    It depends on how complete your documents are and the review timeline. The process usually takes about one week, if there are no issues.
  • Can a private company list its shares?
    No. Private companies cannot list on the main board. Only Public companies can be listed through approved admission routes.
  • What happens after admission?
    Your shares become available for trading on the NASD market.
  • Are there ongoing obligations after listing?
    Yes. You must meet reporting and disclosure requirements.
  • What fees are involved?
    Fees vary based on the size and type of the listing. Check the guideline document here.
  • How do I start the process?
    Contact NASD or work with an approved market operator.

Ready to Take the Next Step?

Speak with our team to explore the right market for your company.

Speak with our teamDownload Guidelines Overview

Submit Company Admission Request

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Submit Security Admission Request

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