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

Summary Minutes of December 11, 2018

The ETFs and Bond Funds Subcommittee held a call on December 11, 2018. The call convened at approximately 3:00 p.m. Eastern. The following Subcommittee members were on the call:

Ananth Madhavan
Lynn Martin
Amy McGarrity
Kumar Venkataraman
Rachel Wilson

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

Elizabeth Baird
David Shillman
David Dimitrious
Thomas Eady
Arun Manoharan
Patrick Norton
Emerald Greywoode
Ben Bernstein

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

Paul Cellupica
Christian Broadbent

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

Benjamin Tecmire

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

Alexander Schiller

The Subcommittee reviewed and discussed next steps on an initial draft of a paper on bond ETFs and mutual funds in stressed markets.

The call concluded at approximately 3:30 p.m. Eastern.