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U.S. listed companies may bid farewell to the 54-year quarterly reporting system, as the proposal to switch to semiannual financial disclosures has passed White House review.

U.S. listed companies may bid farewell to the 54-year quarterly reporting system, as the proposal to switch to semiannual financial disclosures has passed White House review.

``` The U.S. Securities and Exchange Commission (SEC) has advanced its plan to allow listed companies to reduce quarterly disclosures to twice a year, following White House review. According to U.S. government websites, the review was completed earlier this week, enabling the SEC to officially release the plan and
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