Regulatory Alerts2026-05-05
SEC Proposes Amendments to Permit Optional Semiannual Reporting by Public Companies
The Securities and Exchange Commission proposed rule amendments that allow public companies subject to Exchange Act Section 13(a) or 15(d) to elect semiannual reporting on a new Form 10-S instead of mandatory quarterly reports on Form 10-Q. This optional framework reduces interim filings from three quarterly reports to one semiannual and one annual report per fiscal year, with filing deadlines set at 40 or 45 days depending on filer status. The proposal concurrently updates Regulation S-X to streamline financial statement requirements and opens a public comment period lasting 60 days after Federal Register publication.
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