Equity Market Structure Advisory Committee — Regulation NMS Subcommittee

Summary Minutes of May 20, 2016 Call

The Trading Venues Regulation Subcommittee held a call on May 20, 2016, to finalize the Subcommittee's recommendations that were presented to the full Committee at the April 26, 2016 meeting.

The call convened at approximately 2:00 p.m. via telephone. The following Subcommittee members were on the call:

Richard Ketchum
Manisha Kimmel
Joseph Mecane
Joe Ratterman
Gary Stone

The following person was also on the call:

Stephanie Dumont, FINRA

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

John Roeser
Nancy Burke-Sanow
Katie Levine
Arisa Kettig

The main order of business was to discuss, revise, and finalize the Subcommittee's recommendations, including among other things, focusing on two of the four initial recommendations: NMS Plan governance and the SRO technical specification changes.

The Subcommittee intends to circulate the revised recommendations for a Subcommittee vote.

The call concluded at approximately 2:35 p.m.