The SEC's Equity Market Structure Advisory Committee will operate for an additional six months beyond its original end date of February 2017, the Securities and Exchange Commission announced Tuesday.
The 18-member committee, including representatives from money management, the SEC and the Financial Industry Regulatory Authority, academia and exchange operators, was created in February 2015 by the SEC to advise the agency on potential changes to equity market structure. The panel has met seven times since it was formed.
It will now operate until August 2017.
"The Equity Market Structure Advisory Committee’s renewal enables the next chair and the next commission to benefit seamlessly from this vital resource for our ongoing assessment of equity market structure issues and potential enhancements,” said SEC Chairwoman Mary Jo White in a news release. Ms. White will leave the agency on Jan. 20.
The committee has considered potential changes to Regulation National Market Structure, the tick-size pilot program currently under way, and market governance and transparency issues.