The OTC market provides an alternative to stock exchange listing for securities of issuers that either chooses not to be listed on Dhaka Stock Exchange or not to meet the relevant listing requirements. The term "OTC securities" is a catch-all phrase for any security that is not listed on the stock exchange. The stock market regulator yesterday asked the Dhaka and Chittagong stock exchanges to appoint special auditors to review the business affairs of 21 companies that are listed on the OTC market. Companies such as Alif Industries, Sonali Paper & Board Mills, Wata Chemicals have graduated to the mainboard from the OTC counter. Earlier in September, the BSEC delisting/suspended Bangladesh Chemical Industries, Bangladesh Dyeing & Finishing Industries, Bangladesh Luggage Industries and Bangladesh Zipper Industries from the OTC market.

Source: Dhaka Tribune December 15, 2020 18:56 UTC