# Rescission of Quarterly Financial Reporting Requirements
> **Federal Motor Carrier Safety Administration** · Direct final rule. · Published 2012-06-27 · Effective 2012-08-27 · 77 FR 38211
## Document
- **Document number:** 2012-15744
- **Category:** motor-carrier
- **Sub-agency:** Federal Motor Carrier Safety Administration
- **Federal Register citation:** 77 FR 38211
- **CFR reference:** 49 CFR 369
- **Publication date:** 2012-06-27
- **Effective date:** 2012-08-27
- **DOT docket:** Docket No. FMCSA-2012-0020
## Abstract

By direct final rule, the Federal Motor Carrier Safety Administration (FMCSA) eliminates the quarterly financial reporting requirements for certain for-hire motor carriers of property (Form QFR) and for-hire motor carriers of passengers (Form MP-1). This paperwork burden can be removed without an adverse impact on safety or the Agency's ability to maintain effective commercial regulations over the for-hire trucking and passenger-carrying industries.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2012/06/27/2012-15744/rescission-of-quarterly-financial-reporting-requirements)
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