The Globe and Mail reports in its Saturday edition that 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. The Globe's Jameson Berkow writes that 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 semi-annual reporting option for more than a decade. In 2021, the Canadian Securities Administrators formally launched a consultation on a proposal for a twice-yearly reporting regime that would specifically apply to venture issuers. CSA said Friday that the organization is currently working on publishing proposed new semi-annual reporting rules for smaller companies. In the meantime, the head of Canada's largest stock exchange expects the new regime to arrive soon. Toronto Stock Exchange boss Loui Anastasopoulos told The Globe, "If I was a betting man, I would say we will probably see something in the next 12 to 24 months."