The U.S. Securities and Exchange Commission (SEC) is considering a proposal to adjust the frequency of information disclosure based on company size. This initiative, led by SEC Chairman Atkins, aims to modify financial reporting requirements to potentially reduce the burden on companies. The proposal follows a call from Trump last year to shift corporate financial reporting from quarterly to semi-annual.
The SEC is currently evaluating these changes, which could save companies significant time and costs. Before a draft proposal is released for public comment, it must be reviewed by the White House. Historically, the SEC's rule-making process takes about 18 months from proposal to final implementation.
SEC Considers Adjusting Disclosure Frequency Based on Company Size
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