1. National Instrument 24-101 Opportunities and Challenges Buy-Side Firms Jenny Tsouvalis Vice-President, Investment Operations and Applications, OMERS March 7, 2007

2. NI 24-101 2 Key Components Focus on policies and procedures Written acknowledgement of capabilities  Trade matching statement/agreement Phased implementation  Transitional performance targets Performance measurement  Exception reporting  Analysis and plans Mutual Dependency among trade-related parties

3. NI 24-101 3 Policies and Procedures Accelerate processing from T+1 to T Determine delays in processing Enhanced electronic transmission

4. NI 24-101 4 Acknowledgement Written acknowledgement  Trade matching statement  Alternatively a trade matching agreement

5. NI 24-101 5 Transitional Targets The key to accelerating trade matching is accelerating the transmission of trade allocation information Acceleration of trade detail allocations to the custodian and broker involves:  Data availability and integrity  Frequency and timing of trade transmission  Late day systems, operations and information availability

6. NI 24-101 6 Performance Measurement Trade-matching performance measurement  Data sources  Accuracy  Consistency Development of new reporting Analysis of results

7. NI 24-101 7 Mutual Dependency Required by all trade-related parties  Broker/Dealers  Custodians  Investment Managers Standard Data Elements

8. NI 24-101 8 Next Steps Assess daily internal processes for trade transmission (front & back office)  Review current timelines  Evaluate the level of automation required  Analyze current applications in place Collaborate with other trade-related parties  Identify potential changes  Data availability Access options available Develop and implement plans

9. National Instrument 24-101 Solutions and Remaining Challenges Faced by Buy-Side Firms Jenny Tsouvalis Vice-President, Investment Operations and Applications, OMERS March 7, 2007