1. CCMA & T+2 Keith Evans Executive Director – CCMA
IFDS – 2015 Compliance and Operations Forum
October 29, 2015

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

3. 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

4. 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
etc.
Includes all segments.
Buy side
Sell side
Custodians
Co-ordinate with the US timeline.

5. T+2 – US Schedule

6. T+2 Committee Structure
CCMA Board of Directors
T+2 Steering Committee
(T2SC)
Co-Chair – Keith Evans (CCMA)
Co-Chair – Jason O’Born (RBCCM)
CCMA
(Executive Director)
Operational Working Group
(OWG)
Co-Chair – Domenic Sgambelluri
(Northern Trust)
Co-Chair - Michael Holmes
(Raymond James)
Legal/Regulatory Working Group
(LRWG)
Co-Chair – TBD
Co-Chair - TBD
Communication/Education
Working Group (CEWG)
Co-Chair – TBD
Co-Chair - TBD

7. T+2 - Canadian Schedule Re-activate CCMA – COMPLETE
Approve T+2 Committee (T2SC) Structure - COMPLETE
Issue T2SC announcement - COMPLETE
Initial meeting of T2SC – October 15, COMPLETE
Identify T2SC membership – October COMPLETE
Agree on overall Canadian T+2 strategy – December 2015
Identify major milestones – December 2015
Identify major issues to be resolved – December 2015

8. T+2 - Canadian Schedule Issue Working Group announcement - COMPLETE
Identify Working Group makeup - October COMPLETE
Initial meeting of the working groups
Operations WG – November 3rd
Legal and Regulatory WG – November 2015
Communication and Education WG – November 2015
Identify major issues and milestones – December 2015
Working groups to feed information up to the T2SC for approval

9. Questions?