SEC Eyes Reduced Filing Burden with Optional Semiannual Reporting for Public Firms
The SEC proposed amendments would let public companies elect to file semiannual reports on Form 10-S instead of quarterly Form 10-Qs, resulting in one semiannual and one annual report per fiscal year; deadlines would be 40 or 45 days after the semiannual period end, and Regulation S-X would be updated to reflect the new option, with a 60-day public comment window after Federal Register publication.