Disclosure shake-up: SEC proposes six-monthly reporting regime
The SEC is considering making a significant change to the US disclosure playbook: an optional move away from quarterly Form 10‑Qs toward a new semi-annual Form 10‑S, all while keeping the same core obligation to disclose material events.
Supporters argue the change could reduce reporting burden, give issuers more flexibility and bring the US closer to UK and EU practices. Skeptics warn it could complicate comparability, widen information gaps and heighten risks around timing, selective disclosure and insider trading controls.
Throughout this piece, we unpack what the proposal actually changes (and what it doesn’t), how commissioners are framing the broader ‘materiality-first’ rethink of periodic reporting and what companies, investors and boards should be watching as the consultation period begins.
Read more here to get the full picture and hear from a cross section of the industry on this new development.
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