[Federal Register Volume 84, Number 199 (Tuesday, October 15, 2019)]
[Notices]
[Pages 55190-55191]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-22391]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-87256; File No. 265-33]


Asset Management Advisory Committee

AGENCY: Securities and Exchange Commission.

ACTION: Notice of Federal Advisory Committee Establishment.

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SUMMARY: The Securities and Exchange Commission is publishing this 
notice to announce that the Chairman of the Commission, with the 
concurrence of the other Commissioners, intends to establish the 
Securities and Exchange Commission Asset Management Advisory Committee.

ADDRESSES: Written comments may be submitted by the following methods:

Electronic Comments

     Use the Commission's internet submission form (http://www.sec.gov/rules/other.shtml); or
     Send an email message to rule-comments@sec.gov, including 
File No. 265-33 on the subject line.

Paper Comments

     Send paper comments in triplicate to Vanessa A. 
Countryman, Secretary, Securities and Exchange Commission, 100 F Street 
NE, Washington, DC 20549-1090.

All submissions should refer to File No. 265-33. To help us process and 
review your comments more efficiently, please use only one method. The 
Commission will post all comments on the Commission's internet website 
(http://www.sec.gov/rules/other.shtml). Comments also will be available 
for website viewing and printing in the Commission's Public Reference 
Room, 100 F Street NE, Washington, DC 20549, on official business days 
between the hours of 10:00 a.m. and 3:00 p.m. All comments received 
will be posted without change. Persons submitting comments are 
cautioned that we do not redact or edit personal identifying 
information from comment submissions. You should submit only 
information that you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Christian Broadbent or Mark Uyeda,

[[Page 55191]]

Senior Special Counsels, or Sirimal Mukerjee, Senior Counsel, at (202) 
551-6720, Division of Investment Management, Securities and Exchange 
Commission, 100 F Street NE, Washington, DC 20549-8549.

SUPPLEMENTARY INFORMATION: In accordance with the requirements of the 
Federal Advisory Committee Act, 5 U.S.C.--App, the Commission is 
publishing this notice that the Chairman of the Commission, with the 
concurrence of the other Commissioners, intends to establish the 
Securities and Exchange Commission Asset Management Advisory Committee 
(the ``Committee''). The Chairman of the Commission affirms that the 
establishment of the Committee is necessary and in the public 
interest.\1\
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    \1\ See 41 CFR 102-3.30(a).
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    The Committee's objectives and scope of its activities are to 
provide the Commission with (a) diverse perspectives on asset 
management, including (i) trends and developments affecting investors 
and market participants, (ii) the effects of globalization, including 
as it relates to operations, risks and regulation, and (iii) changes in 
the role of technology and service providers, as well as (b) related 
advice and recommendations.
    No more than 21 voting members will be appointed to the Committee. 
Such members shall represent a cross-section of those directly affected 
by, interested in, and/or qualified to provide advice to the Commission 
on matters related to asset management. The Committee's membership will 
be balanced fairly in terms of points of view represented. Non-voting 
members may also be named.
    The charter will provide that the duties of the Committee are to be 
solely advisory. The Commission alone will make any determinations of 
actions to be taken and policies to be expressed with respect to 
matters within the Commission's jurisdiction. The Committee will meet 
at such intervals as are necessary to carry out its functions. The 
charter contemplates that the full Committee will meet four times 
annually. Meetings of subgroups or subcommittees of the full Committee 
may occur more frequently.
    The Committee will operate for two years from the date the charter 
is filed with the appropriate entities or such earlier date as 
determined by the Commission unless, before the expiration of that time 
period, it is renewed in accordance with the Federal Advisory Committee 
Act. The Committee may be established 15 days after publication of this 
notice in the Federal Register by filing a charter for the Committee 
with the Committee on Banking, Housing, and Urban Affairs of the United 
States Senate, the Committee on Financial Services of the United States 
House of Representatives, and the Committee Management Secretariat of 
the General Services Administration. A copy of the charter as so filed 
also will be filed with the Chairman of the Commission, furnished to 
the Library of Congress, and posted on the Commission's website at 
www.sec.gov.

    By the Commission.

    Dated: October 8, 2019.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2019-22391 Filed 10-11-19; 8:45 am]
 BILLING CODE 8011-01-P


