Semi-annual reporting standards are relatively common outside of North America, though in Canada, the idea has generated concern even among its proponents.Tijana Martin/The Canadian Press
As the United States embarks on a path toward less frequent corporate earnings disclosures, Canada has already spent years developing its own rules to lengthen the gaps between financial reports from small companies.
On Friday, U.S. Securities and Exchange Commission chair Paul Atkins told CNBC that the market watchdog will propose allowing public companies to report earnings twice per year, rather than the current quarterly requirement.
Supporters argue semi-annual reporting would allow companies to focus on longer-term strategy and save money, but opponents warn less reporting will mean less transparency.
In Canada, where the majority of public companies are relatively small venture issuers, regulators have been mulling a…
