1. National Instrument 24-101 Institutional Trade Matching & Settlement Implementation Phase Andrew Parkinson Canadian Capital Markets Association March 13, 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. CCMA Board & Observers

4. 4 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

5. 5 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

6. 6 The Panel Meg Tassie, Senior Advisor, Capital Markets Regulation, British Columbia Securities Commission Heidi Johnston, Vice-President, Trade Administration & Fund Accounting, Phillips, Hager& North Investment Management Kris Sanker, Manager, Trade Settlements/Securities Lending

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 Andrew Parkinson Canadian Capital Markets Association March 13, 2007