SEC Eyes Trump-Fueled Shake-Up in Earnings Report Rules

The U.S. Securities and Exchange Commission will propose a rule change to allow companies to issue earnings reports every six months instead of quarterly, following President Donald Trump’s push to ease corporate reporting requirements, CNBC reported.

Paul Atkins, chairman of the SEC, said Friday the agency will advance a proposal to move from quarterly to semi-annual reporting, a change he said could give businesses greater flexibility.

“I welcome that posting by the president, and I have talked to him about it,” Atkins said on CNBC’s “Squawk Box.” “In principle, I think to propose change in what our rules are now, I think would be a good way forward, and then we’ll consider that and move forward after that.”