1. 24 th January Agenda Arrival – teas, coffees Ali Dove - Setting the scene Sam Nowell - Scope and Aims Juliet Philips - Tax Andrew Gurney - International Regulatory Affairs Breakfast and Networking Informal Q&A Control Framework Control Framework Breakfast Group

2. Aims Share experiences of the Control Framework process Network amongst market peers. Discuss any Control Framework issues Ask questions Have breakfast! Control Framework Control Framework Breakfast Group

3. Control Framework

4. PROJECT HISTORY Engaged PwC and two market participants during 2010 Piloted and designed the framework - second half 2010 & first half 2011 Produced implementation guide - first half 2011 Obtained Lloyd's ET sign-off on 2 year/18 month timescale - June 2011 Engaged senior management from 39 MA's with service companies - second half of 2011 Control Framework Control Framework Breakfast Group

5. Control Framework Which camp? Project not yet approved Resources not yet assigned Project Approved Resources Assigned Gap Analysis Underway Need for system change? Risk Assessment underway Impact Analysis for change Pre-Project Camp Systems Analysis Camp Impact Analysis Camp

6. Control Framework How Can We Help? Pre-Project Camp Systems Analysis Camp Impact Analysis Camp Material for building a business case Speaking to Senior Management Liaising with System Providers Market System User Groups Project Toolkit Process Analysis Service Company Visits

7. Control Framework Service Company Distribution by Managing Agent 3 1 6 3 5 8 4 15 6 3 7 7 8 18 2 3 7 1 33 4

8. Control Framework Questions?