The U.S. Securities and Exchange Commission (SEC) proposes allowing publicly traded companies to report their earnings semi-annually, replacing the quarterly mandatory requirement.

PANews reported on March 17 that, according to the Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) is preparing a proposal to allow publicly traded companies to report earnings every six months, replacing the long-standing quarterly reporting requirement. The proposal could be released as early as next month, and the regulator has already consulted with major stock exchanges regarding adjustments to their listing rules. The proposal would make quarterly disclosure optional rather than mandatory, allowing companies to choose whether to continue issuing financial updates every three months. This change has the support of U.S. President Trump and SEC Chairman Atkins.