Fixed Income Market Structure Advisory Committee — ETFs and Bond Funds Subcommittee

Summary Minutes of September 5, 2018 Call

The ETFs and Bond Funds Subcommittee held a call on September 5, 2018. The call convened at approximately 2:05 p.m. Eastern. The following Subcommittee members were on the call:

  • Ananth Madhavan
  • Lynn Martin
  • Kumar Venkataraman
  • Rachel Wilson
  • Michael Heaney

The following industry participant was on the call:

  • Dave Nadig, Managing Director, ETF.com

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

  • David Dimitrious
  • Thomas Eady
  • Molly Kim
  • Arun Manoharan
  • Patrick Norton
  • Justin Pica
  • Emerald Greywoode
  • Ben Bernstein

The following staff from the Division of Investment Management joined the call:

  • Christian Broadbent

The following staff from the Office of Municipal Securities joined the call:

  • Ahmed Abonamah
  • William Miller
  • Benjamin Tecmire

The following staff from the Division of Economic and Risk Analysis also joined the call:

  • John Ritter
  • Alexander Schiller

Dave Nadig, Managing Director of ETF.com, provided information on the need for data standardization and a repository for ETF data. The Subcommittee continued to work on its potential comment letter to the Commission’s recently proposed ETF rule and discussed with Mr. Nadig ETF.com’s submitted comment letter to the same. The Subcommittee also discussed its progress on a draft recommendation concerning education and data as well formulated next steps to draft a white paper on the operation of investment funds during stressed markets. The Subcommittee will continue to work on these projects and will plan to schedule additional calls and invite panelists to join the calls.

The call concluded at approximately 3:00 p.m. Eastern.