Investor Advisory Committee

The SEC’s Investor Advisory Committee will hold its next public meeting on December 13, 2018 at 9:00 am.  The Committee’s agenda includes a discussion regarding disclosures on sustainability and environmental, social and governance topics, and a discussion regarding unpaid arbitration awards.  Earlier this fall, the SEC received a petition for rulemaking on ESG disclosure, which was signed by institutional investors that included CalPERs, New York State Comptroller Thomas DiNapoli, Illinois State Treasurer Michael Frerichs, Connecticut State Treasurer Denise Nappier and others representing over $5 trillion in managed assets.  The rulemaking petition called for the SEC to propose for comment a comprehensive framework that would require issuers to address certain ESG matters.  The petition is available here.


The Securities and Exchange Commission’s Investor Advisory Committee will meet telephonically on November 7 at 2 p.m. Eastern Time.  The meeting is open to the public.  During this meeting, the committee intends to address the proposed Regulation Best Interest and the proposed Form CRS Relationship Summary.  In recent remarks, representatives of the Commission have indicated that completing Regulation Best Interest is a high priority and is slated to take place before the fall of 2019.  The press release with details for the meeting is available here.

The Securities and Exchange Commission’s Investor Advisory Committee has released the agenda for its upcoming meeting on September 13, 2018.  The committee will begin with a discussion on U.S. proxy voting infrastructure.  The Committee will then address the SEC’s proposed transaction fee pilot in National Market System (NMS) stocks, which, as the agenda notes, may also include a recommendation from the Committee’s Market Structure Subcommittee.  Finally, the Committee will discuss the implications of passive investing.

The meeting will begin at 9am ET and will be held at the SEC’s headquarters.  The meeting is open to the public and will also be webcast on the SEC’s website.

The Securities and Exchange Commission has announced that its next Investor Advisory Committee meeting will take place on June 14, 2018 at 8:30 a.m. ET. The meeting will be hosted in Atlanta, which will follow the SEC’s Investing in America Town Hall on June 13.  This will be the first time the Committee will host a meeting outside Washington, D.C.

The June 14 Committee meeting will include:

  • Discussion of the Commission’s Proposed Regulation Best Interest and Proposed Restriction on the Use of Certain Names or Titles;
  • Discussion Regarding the Commission’s Proposed Form CRS Relationship Summary, including Effective Disclosure and Design; and
  • Discussion Regarding Disclosure Enhancements for Municipal and Corporate Bonds

This meeting will also be webcast on the SEC’s website.