The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Tue, 19 May 2026 20:07:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png SEC Proposes Semiannual Reporting Framework – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 SEC Proposes Semiannual Reporting Framework https://corpgov.law.harvard.edu/2026/05/18/sec-proposes-semiannual-reporting-framework/?utm_source=rss&utm_medium=rss&utm_campaign=sec-proposes-semiannual-reporting-framework https://corpgov.law.harvard.edu/2026/05/18/sec-proposes-semiannual-reporting-framework/#respond Mon, 18 May 2026 11:30:45 +0000 https://corpgov.law.harvard.edu/?p=181060?d=20260519094731EDT Posted by Ryan Adams, Scott Lesmes, and Larry Medvinsky, Morrison & Foerster LLP, on Monday, May 18, 2026
Editor's Note:

Ryan Adams, Scott Lesmes, and Larry Medvinsky are Partners at Morrison & Foerster LLP. This post is based on a MoFo memorandum by Mr. Adams, Mr. Lesmes, Mr. Medvinsky, and Sydney Stancik.

On May 5, 2026, the U.S. Securities and Exchange Commission (SEC) released its highly anticipated proposal (the “Proposal”) to allow reporting companies under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to adopt a semiannual reporting framework instead of quarterly reporting. Under the Proposal, companies that elect to take advantage of the semiannual reporting regime would use new Form 10-S in lieu of Form 10-Q.

The Proposal also includes changes to Regulation S-X to reflect the new optional semiannual reporting approach, as well as technical amendments to numerous existing rules and forms that refer to quarterly reporting to incorporate the new semiannual framework.

See the SEC’s release. Public comments will be open until 60 days after the date of publication of the proposing release in the Federal Register.

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