The U.S. Securities and Exchange Commission (SEC) proposes a rule change that would allow public companies to stop filing mandatory quarterly earnings reports and instead submit semiannual reports. Multiple outlets report that the SEC is advancing a Trump-backed proposal that would replace the traditional quarterly 10-Q reporting schedule with a new semiannual filing option. Under the suggested approach, companies would be able to opt into filing semiannual reports using a new form designated as 10-S, rather than producing quarterly reports on Form 10-Q.
Sources also note that the requirement being challenged dates back roughly 55 years and that the change is intended to reduce the burden of frequent reporting. At the same time, some investors and market participants argue that quarterly disclosure supports transparency and market stability. The proposal is presented as an advancement by the SEC, indicating that it is moving through a formal process of rulemaking, though the outlets do not indicate a final decision or timeline for implementation.
