The SEC’s newly formed Asset Management Advisory Committee plans to hold its first meeting at the agency’s Washington headquarters on Jan. 14.
The meeting will include a discussion of “various aspects of the asset management industry,” according to the meeting notice.
The committee, made up of diverse industry professionals, was formed to help direct the agency’s regulatory approach to emerging issues.
“This committee will help the Commission ensure that our regulatory approach to asset management meets the needs of retail investors and market participants at a time when the industry is evolving rapidly,” said SEC Chairman Jay Clayton in announcing the committee in early October.
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Edward Bernard, senior advisor to T. Rowe Price, has been appointed the initial committee chairman.
Other committee members include Neesha Hathi, executive vice president and chief digital officer, Charles Schwab Corp.; Michelle McCarthy Beck, chief risk officer, TIAA Financial Solutions; Mike Durbin, president, Fidelity Institutional; and Paul Greff, chief investment officer, Ohio Public Employees Retirement System.
The SEC is also seeking comments on the Financial Industry Regulatory Authority’s plan to amend its Membership Application Program rules to help further address the issue of pending arbitration claims, as well as arbitration awards and settlement agreements related to arbitrations that have not been paid in full in accordance with their terms.