CCMA T2 KEITH EVANS EXECUTIVE DIRECTOR CCMA FAS

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CCMA & T+2 KEITH EVANS EXECUTIVE DIRECTOR – CCMA FAS CONFERENCE – WHISTLER BC

CCMA & T+2 KEITH EVANS EXECUTIVE DIRECTOR – CCMA FAS CONFERENCE – WHISTLER BC SEPTEMBER 11, 2015

AGENDA CCMA – Where have you been? CCMA – Where are you going? T+2

AGENDA CCMA – Where have you been? CCMA – Where are you going? T+2 - US Schedule T+2 - Committee Structure T+2 - Canadian Schedule Questions

CCMA – WHERE HAVE YOU BEEN? CCMA was established in August 2000 ‘Moth-balled’ in

CCMA – WHERE HAVE YOU BEEN? CCMA was established in August 2000 ‘Moth-balled’ in 2008 Small Board has kept it as an active legal entity • Current members • • • IIROC CBA CDS Initial projects were • STP • NI 24 -101

CCMA – WHERE ARE YOU GOING? The Canadian Capital Markets Association (CCMA) is a

CCMA – WHERE ARE YOU GOING? The Canadian Capital Markets Association (CCMA) is a federally incorporated, not-for-profit organization, launched to identify, analyze and recommend ways to meet the challenges and opportunities facing Canadian and international capital markets. The current priority of the CCMA is to coordinate a smooth transition to a two-day settlement period, or T+2. • • • Work for the Canadian financial industry. • Equities • Fixed Income • Mutual Funds Includes all segments. • Buy side • Sell side • Custodians Co-ordinate with the US timeline.

T+2 – US SCHEDULE

T+2 – US SCHEDULE

T+2 COMMITTEE STRUCTURE CCMA Board of Directors CCMA T+2 Steering Committee (Executive Director) (T

T+2 COMMITTEE STRUCTURE CCMA Board of Directors CCMA T+2 Steering Committee (Executive Director) (T 2 SC) Co-Chair – Keith Evans (CCMA) Co-Chair – Jason O”Born (RBCCM) Operational Working Group (OWG) Co-Chair – Domenic Sgambelluri Co-Chair - TBD Legal/Regulatory Working Group (LRWG) Co-Chair – Jamie Anderson Co-Chair - TBD Communication/Education Working Group (CEWG) Co-Chair – TBD Co-Chair - TBD

T+2 - CANADIAN SCHEDULE Re-activate CCMA – COMPLETE Approve T+2 Committee (T 2 SC)

T+2 - CANADIAN SCHEDULE Re-activate CCMA – COMPLETE Approve T+2 Committee (T 2 SC) Structure – COMPLETE Send announcement of T 2 SC structure – COMPLETE Initial meeting of the T 2 SC – October 15, 2015 Identify T 2 SC membership – October 2015 Agree on overall Canadian T+2 strategy – December 2015 Identify major milestones – December 2015 Identify major issues to be resolved – December 2015

T+2 - CANADIAN SCHEDULE Send announcement of Working Group structure – COMPLETE Identify Working

T+2 - CANADIAN SCHEDULE Send announcement of Working Group structure – COMPLETE Identify Working Group composition – October 2015 Identify Working Group membership – October 2015 Working Group to feed information up to the T 2 SC Initial meeting of the working groups – October 2015 Identify major issues and milestones – December 2015

QUESTIONS?

QUESTIONS?