US SEC preparing to scrap quarterly reporting requirement, WSJ reports

The U.S. Securities and Exchange Commission is preparing a proposal to scrap the ​requirement for companies to report their earnings every quarter ‌and giving them the option to share results twice a year, the Wall Street Journal reported on Monday.

The proposal could be published as ​soon as next month, the report said, citing people ​familiar with the matter, adding that regulators are in ⁠talks with major exchanges to discuss how their rules ​may need to be adjusted.