Paul Atkins, Chairman of the U.S. Securities and Trade Fee (SEC), speaks with members of the media after ringing the opening bell on the New York Inventory Trade (NYSE) in New York Metropolis, U.S., Dec. 2, 2025.
Eduardo Munoz | Reuters
U.S. regulators are advancing a proposal that might permit public firms to scrap quarterly earnings reviews in favor of a twice-a-year disclosure regime, a change lengthy championed by President Donald Trump.
The Securities and Trade Fee formally proposed a rule change that might permit firms to file semiannual reviews on a brand new kind 10-S rather than the normal quarterly10-Qs. Companies would nonetheless submit a full annual report.
“The rigidity of the SEC’s guidelines has prevented firms and their buyers from figuring out for themselves the interim reporting frequency that greatest serves their enterprise wants,” SEC Chairman Paul Atkins stated in a press release Tuesday.
The transfer brings regulators nearer to a structural change that Trump has advocated, contending that necessary quarterly reporting encourages a short-term mindset and distracts executives from long-term technique. The president beforehand stated a semiannual system would “lower your expenses” and permit administration groups to concentrate on operating their enterprise.
The shift is prone to reignite a long-running debate throughout Wall Avenue and company America. Critics contend that decreasing the frequency of necessary disclosures dangers limiting transparency and will drawback retail buyers, who rely extra closely on public filings than giant institutional gamers. Supporters counter {that a} much less frequent reporting cycle might encourage funding and strategic planning over quick outcomes.
The proposal now goes to a 60-day public remark interval. The principles will be modified by a majority vote on the SEC.
