The Securities and Exchange Commission today announced that the Commission voted to renew the Equity Market Structure Advisory Committee’s charter until August 2017 with the current membership. The committee’s charter was originally scheduled to expire in February 2017.
The committee provides a formal mechanism through which the Commission can receive advice and recommendations specifically related to equity market structure issues. The committee has met seven times since it was established in February 2015.
“The Equity Market Structure Advisory Committee’s renewal enables the next Chair and the next Commission to benefit seamlessly from this vital resource for our ongoing assessment of equity market structure issues and potential enhancements,” said SEC Chair Mary Jo White.
Since its inception, the committee has considered a range of issues, including Regulation NMS and a structure for an access fee pilot, the governance framework for national market system plans, transparency for investors of broker-dealer order handling practices, and market-wide volatility moderators. The Commission-approved committee members come from different sectors of the financial services industry, academia, and from public interest groups.