1. National Instrument 24-101 Institutional Trade Matching & Settlement Implementation Phase Jane Davis Executive Director, Canadian Capital Markets Association March 14, 2007

2. 2 Agenda Welcome and Introductions About the CCMA Overview of National Instrument 24-101 Buy-Side, Sell-Side & Custodian Perspectives Questions & Answer Period

3. 3 The Panel Shaun Fluker, Legal Counsel, Alberta Securities Commission Jane Depraitere, Director of Operations, Mawer Investment Management Kris Sanker, BMO Nesbitt Burns, Manager, Trade Settlement/Securities Lending

4. CCMA Board & Observers

5. 5 Enhance the global competitiveness of Canada’s capital markets through a forum of industry experts who provide leadership and direction to the investment community. Mission Statement

6. 6 Committee Structure Custodian Subcommittee (CSC) CCMA (Executive Director) CCMA Board of Directors Executive Committee Subcommittee of the Board Finance CommitteeSecretary Buy-Side Subcommittee (BSSC) Sell-Side Subcommittee (SSSC) Communication & Education Working Group (CEWG) Legal/ Regulatory Working Group (LRWG) January 2007

7. 7 NI 24-101 Effective April 1, 2007 Phased-in transitional performance target dates over an approximate three-year period Documentation in place by October 1, 2007 Exception reporting in February 2008

8. National Instrument 24-101 Institutional Trade Matching & Settlement Implementation Phase Jane Davis Executive Director, Canadian Capital Markets Association March 14, 2007