As expected, the Securities and Exchange Commission this week postponed for a year the final phase-in period for rules that would shorten the amount of time that larger companies, known as "accelerated filers," have to file their quarterly and annual reports.

Under the amended rules, the deadline for accelerated filers will stay for an additional year at 75 days after year's end for annual reports and 40 days after quarter's end for quarterly reports. For reports filed for fiscal years ending on or after Dec. 15, 2005, accelerated filers will have to file annual reports within 60 days of the end of the year and quarterly reports within 35 days after the end of the quarter.

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