Sources: The U.S. SEC is expected to propose the elimination of quarterly reporting requirements for public companies as early as next month
According to The Wall Street Journal, sources have revealed that the U.S. Securities and Exchange Commission (SEC) is drafting a proposal to eliminate the requirement for publicly traded companies to report their performance quarterly, instead allowing companies to choose to disclose their performance every six months, with the proposal possibly being released as early as next month.
To prepare for this proposal, the regulatory agency has consulted with officials from major exchanges to discuss potential adjustments to the relevant rules.
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