The U.S. Securities and Exchange Commission is preparing a proposal to eliminate quarterly earnings report requirements.

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Why is the SEC considering adjusting the frequency of company reports?

【U.S. Securities and Exchange Commission preparing to propose eliminating quarterly earnings reports】Caixin, March 17. According to reports, the SEC is preparing a proposal to eliminate the requirement for quarterly earnings reports and instead allow companies to choose to release two reports per year. Sources say the regulator may announce the proposal as early as next month. To prepare accordingly, the SEC has been consulting with executives from major exchanges to discuss how they might need to adjust related rules. After the proposal is announced, it will enter a public comment period. The comment period typically lasts at least 30 days, after which the SEC will hold a vote. However, whether it will ultimately pass is still uncertain. It is expected that this rule will make quarterly reports optional rather than completely eliminate them.

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