Gate News reports that on March 18, the U.S. Securities and Exchange Commission (SEC) Chair proposed adjusting the frequency of information disclosures based on company size. The agency is currently evaluating modifications to financial reporting requirements. Since former President Trump called for changing the reporting frequency from quarterly to semi-annual last year, the SEC has been pushing forward with related reforms. SEC Chair Gensler previously pledged to accelerate this potential plan, stating that the 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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