SEC considers moving U.S. public companies to semiannual reporting

The SEC is reconsidering semiannual reporting for public companies to reduce compliance burdens. Supporters cite a long-term focus, while critics warn of reduced transparency. This blog post explores the SEC’s options and their potential impact.

The SEC is reconsidering semiannual reporting for public companies to reduce compliance burdens. Supporters cite a long-term focus, while critics warn of reduced transparency. This blog post explores the SEC’s options and their potential impact.

The government should provide the minimum effective dose of regulation needed to protect investors while allowing businesses to flourish. And for that reason I am fast-tracking President Trump’s proposal to equip companies with the option to report on a semi-annual basis, rather than locking them into the current quarterly reporting regime. Of course, this concept is hardly novel. Quarterly reporting as we know it did not begin in the US until 1970 — more than 35 years after the US established the SEC itself. And even today, our regulatory landscape already permits such flexibility for select companies. For example, foreign companies listed on US exchanges are required to report semi-annually, though some continue to report earnings results each quarter. Likewise, since the UK returned to semi-annual reporting in 2014, some large companies have elected to still report quarterly. It is time for the SEC to remove its thumb from the scales and allow the market to dictate the optimal reporting frequency based on factors such as the company’s industry, size and investor expectations. Mandatory quarterly reporting is hardly a cornerstone of the dynamism that distinguishes our capital markets. Giving companies the option to report semi-annually is not a retreat from transparency. Instead, it puts a renewed focus on market-driven disclosure practices that favour the interests of companies and their investors over prescriptive regulatory mandates. https://lnkd.in/gNzH4_Zr

With regulatory deadlines and reporting obligations piling up, year-end compliance is no small task. Robert Half’s Jamy Sullivan, JD, shares practical steps every business should take to anticipate risks and prepare for regulatory changes. https://bit.ly/471RzNn

With regulatory deadlines and reporting obligations piling up, year-end compliance is no small task. Robert Half’s Jamy Sullivan, JD, shares practical steps every business should take to anticipate risks and prepare for regulatory changes. https://bit.ly/3WlDEeU

With regulatory deadlines and reporting obligations piling up, year-end compliance is no small task. Robert Half’s Jamy Sullivan, JD, shares practical steps every business should take to anticipate risks and prepare for regulatory changes. https://bit.ly/4mP6sXY

With regulatory deadlines and reporting obligations piling up, year-end compliance is no small task. Robert Half’s Jamy Sullivan, JD, shares practical steps every business should take to anticipate risks and prepare for regulatory changes. https://bit.ly/3KwkMY5

With regulatory deadlines and reporting obligations piling up, year-end compliance is no small task. Robert Half’s Jamy Sullivan, JD, shares practical steps every business should take to anticipate risks and prepare for regulatory changes. https://bit.ly/48d6jtZ

With regulatory deadlines and reporting obligations piling up, year-end compliance is no small task. Robert Half’s Jamy Sullivan, JD, shares practical steps every business should take to anticipate risks and prepare for regulatory changes. https://bit.ly/3IMYrF9

With regulatory deadlines and reporting obligations piling up, year-end compliance is no small task. Robert Half’s Jamy Sullivan, JD, shares practical steps every business should take to anticipate risks and prepare for regulatory changes. https://bit.ly/3KRsdJl