Assuming the US financial authority SEC gives the go-ahead, the requirement for quarterly reports should be removed, writes Donald Trump.
Reporting every sixth month is enough, he thinks.
"This would save money and make it possible for CEOs to focus on running their companies properly", Trump writes in his post on Truth Social.
The statement is made after Trump appointed Paul Atkins as the new head of SEC, with the task of dismantling large parts of the regulation introduced during President Joe Biden's time in power.
Atkins wants to create an SEC that focuses on the "villains" and does not "kick in doors" due to technical regulatory breaches, according to an interview in the Financial Times.
Deregulation of the market was a election promise in Trump's presidential campaign 2024. And since January, the SEC has dropped a number of investigations, including against cryptocurrency platforms - several of which have donated money to Trump's inauguration fund, the newspaper reports.
SEC chief Atkins proposed last week that the US may stop accepting international accounting rules, with requirements for sustainability reporting, and instead force companies in the US to follow American accounting rules.
