Company Admission
- 1Complete NASD Form 2 (in duplicate).
- 2Submit completed form and non-refundable fees payable in full at the time of application, accompanied by the listed supporting documents to legalcompliance@nasdng.com.
Markets · Introduce a Company
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.
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
Requirements for Admission
Follow these steps to admit your company or security to the NASD Equities Market.
Security Admission
- 1Complete NASD Form 3.
- 2Submit through your broker, along with supporting documents and applicable fees.
Equities Requirements Document
Download the full admission document for detailed disclosure requirements and obligations.
Company Admission Process
Follow these steps to admit your company to the NASD Equities Market.
- Step 1
Pre-Admission
Board appoints Issuing House, fills application, and returns with fee. Board submits signed undertaking to comply with NASD OTC Rules.
- Step 2
Review
NASD will review company structure. After due diligence, NASD will give approval in principle.
- Step 3
Approval & Admission
Company will open a register with CSCS. 100% dematerialisation of shares can commence.
- Step 4
Announcement
Company announces admission to NASD OTC Market. Trading on securities commences.
Security Admission Process
A faster route for admitting individual securities of unlisted public companies.
- Step 1
Indicate Interest
Investor indicates interest to liquidate shares in an unlisted public company and contacts a broker.
- Step 2
Submit Form
Broker fills and submits NASD Form 3 with supporting documents. Administrative fee for code creation is required.
- 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.
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.