The U.S. SEC plans to adjust the frequency of information disclosure based on company size.

PANews reported on March 18th, citing foreign media reports, that the chairman of the U.S. Securities and Exchange Commission (SEC) has proposed adjusting the frequency of information disclosure based on company size. The regulatory agency is currently evaluating modifications to financial reporting requirements. The SEC has been pushing for reforms since Trump called last year for changing the frequency of corporate financial reporting from quarterly to semi-annual. SEC Chairman Atkins previously pledged to expedite this potential proposal, stating that the adjustment could save companies significant time and costs. Before releasing a draft proposal for public comment, the SEC must submit it to the White House for review. Historically, the SEC's rule-making process, from proposal to final implementation, has taken an average of approximately 18 months.