Equity Market Structure Advisory Committee — Customer Issues Subcommittee

Summary Minutes of January 23, 2017, Call

The Customer Issue Subcommittee held a call on January 23, 2017. The call convened at approximately 11:00 a.m. The following Subcommittee members were present:

Brad Katsuyama
Ted Kaufman
Richard Ketchum
Manisha Kimmel
Andrew Lo
Jamil Nazarali

The following staff from the Division of Trading and Markets were on the call:

Michael Coe
Marsha Dixon
Emerald Greywoode
Molly Kim
Steve Kuan
Andrew Sioson

The main order of business was to discuss the next set of potential topics for the Subcommittee to consider, including assessing the value of disclosures to investors, the Commission's proposed amendments to Regulation ATS, harmonization of standard of care and business continuity for broker-dealers and investment advisers, and MiFID II and buy-side regulation. The Subcommittee then discussed next steps, including inviting buy-side representatives to participate in a future meeting.

The meeting concluded at approximately 11:40 a.m.