The Globe and Mail reports in its Friday edition that Canadian securities regulators on Thursday announced a pilot project to allow smaller issuers to voluntarily adopt a semi-annual financial reporting framework in a bid to ease the regulatory burden for public companies. A Reuters dispatch to The Globe says the move by the umbrella Canadian Securities Administrators mirrors a similar push in the United States, where regulators are working on fast-tracking President Donald Trump's call to end quarterly corporate disclosure requirements. Under the pilot project, eligible so-called venture issuers listed on the TSX Venture Exchange or the CNSX Markets will be exempted from the requirement to file first- and third-quarter financial reports. "The semi-annual financial reporting pilot is a great example of harmonization by Canada's regulators to support the competitiveness of Canadian capital markets, particularly for smaller venture issuers," said Stan Magidson, CSA chair and chief executive officer of the Alberta Securities Commission. Issuers must have revenue of less than $10-million and at least a 12-month continuous disclosure record to be eligible to report on a semi-annual basis under the pilot project.