SEC Proposes Semi-Annual Reporting for Public Companies

The US Securities and Exchange Commission (SEC) has proposed allowing public companies to switch from quarterly reporting to semi-annual reporting. Currently, companies must file quarterly updates through Form 10-Q. If adopted, companies would file a new Form 10-S twice a year, in addition to an annual report. The SEC aims to provide companies with flexibility in their reporting frequencies to serve business and investor needs. Comments on the proposed rules can be submitted within 60 days after it appears in the Federal Register.