U.S. SEC Proposes Adjusting Disclosure Frequency Based on Company Size

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Mars Finance News, according to market sources, 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 the financial reporting requirements. Since former President Trump called for changing the corporate financial reporting frequency from quarterly to semi-annual last year, the SEC has been pushing forward with related reforms. SEC Chairman Gensler previously pledged to accelerate the progress of this potential plan and stated that this adjustment could save companies significant time and costs. Before releasing a public consultation, the SEC must submit the draft proposal to the White House for review. Historically, it takes about 18 months on average for the SEC to move from proposal to final rule implementation.

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