Investment Funds Working Group Munich Germany September 2009

Work Session Times – Day 1 10:00 – 12:00: Welcome - Introduction & Group/Market updates 12:00 – 13:00: Lunch 13:00 – 15:00: Transfers Market Practice Package Sign Off 15:00 – 15:15: Break 15:15 – 17:15: Account Opening SMPG Investment Funds Working Group – Munich 2009

Work Session Times – Day 2 Morning Joint Session With DESSUG/FUNDS 09:00 – 10:15: Does the Luxembourg Market Practice (MP) of the FINDEL group (and ALMUS) compete with the market of SMPG, when it comes to a global roll out? Possible ways to communicate (encourage implementation of) a Global Market Practice. How do individual market communities receive the Market Practice proposals and the introduction of XML? How do individual countries do the marketing for their local Market Practices. 10:15 – 10:30: Break 10:30 – 12:00: Price Reporting SMPG Investment Funds Working Group – Munich 2009

Work Session Times – Day 2 13:00 – 14:15: Price Reporting 14:15 – 14:30: Break 14:30 - 15:45: Price Reporting and/or Account Opening (to be agreed during the course of the meeting) SMPG Investment Funds Working Group – Munich 2009

Country updates - additional items/questions IFWG 1 - Introductions Introductions Co-Chairs David Broadway / Investment Management Association (UK) Nadine Muhigiri / Euroclear FundSettle (XS) Facilitator Omar Rodriguez / S.W.I.F.T. Scrl Agenda and objectives Country updates - additional items/questions SMPG Investment Funds Working Group – Munich 2009

‘Agree what is common and note variations’ IFWG - Approach The SMPG Approach ‘Agree what is common and note variations’ The Global Document Progress to date Comments from NMPG not in attendance SMPG Investment Funds Working Group – Munich 2009

IFWG – Account Opening and Price Reporting Agree Business Process Agree Core Business Data Key Definitions 20022 Field name and sample order SMPG Investment Funds Working Group – Munich 2009

IFWG – Wrap up & next steps SMPG Investment Funds Working Group – Munich 2009