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United States · Business news · Policy & Regulation · 05 May 2026

SEC proposes letting US-listed companies replace quarterly 10-Q reports with semiannual filings

US Financials

What happened

The SEC released a proposal under Chairman Paul Atkins that would let companies file one semiannual report and one annual report each year instead of three quarterly 10-Qs and an annual report. Firms could still host quarterly earnings calls and issue guidance. Atkins fast-tracked the plan after President Trump called for an end to mandatory quarterly reporting. Nasdaq has backed the idea, while critics say it could let companies bury bad news and raise insider-trading risk.

Why it matters for listed companies

If adopted, the rule would cut compliance and audit work, mainly for small and mid-cap issuers, which a former SEC corporation finance chief quoted in the report sees as the first to opt in. Less frequent mandated disclosure would also change the information flow behind trading, research and data sales, which matters for exchanges, brokers and financial-data providers. The direct earnings effect on most companies is small.

Reported by Bloomberg News (via Bloomberg Law) — “SEC Unveils Plan to Let Companies Move to Semiannual Reports” ↗ on 05 May 2026.

Rates and currencies since this was reported

Official series on 05 May 2026 or the last day before it, and the latest observation.

US Treasury 2-year yield
3.93% → 4.77% +84 bp
05 May 2026 → 15 Oct 2026 · US Treasury
US Treasury 10-year yield
4.43% → 5.10% +67 bp
05 May 2026 → 15 Oct 2026 · US Treasury
Effective fed funds rate
3.64% → 3.88% +24 bp
05 May 2026 → 14 Oct 2026 · Federal Reserve Bank of New York
Euro in US dollars
1.1686 → 1.1208 -0.0478
05 May 2026 → 15 Oct 2026 · ECB reference rate
These figures are measured, not attributed. Prices and rates move for many reasons at once; they show what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.

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