Summary
- The U.S. SEC reportedly is reviewing a plan to eliminate quarterly reporting requirements for listed companies.
- According to the WSJ, the SEC is preparing a proposal to abolish the quarterly financial reporting obligation for listed companies.
- It was reported that it remains unclear whether the proposal will result in an actual rule change.
Forecast Trend Report by Period
The U.S. Securities and Exchange Commission (SEC) is reportedly reviewing a plan to eliminate companies’ quarterly reporting requirement.
According to The Wall Street Journal (WSJ) on the 16th (local time), the SEC is preparing a proposal to scrap the obligation for listed companies to file quarterly financial reports.
Currently, U.S.-listed companies must submit reports each quarter containing financial performance and key management information. The SEC is said to be considering criticism that this requirement pushes companies to focus on short-term results rather than long-term strategy.
However, it has not yet been determined whether the proposal will lead to an actual rule change.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
