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CCMA & T+2

CCMA & T+2. Keith Evans Executive Director – CCMA FAS Conference – Whistler BC September 11, 2015. Agenda. CCMA – Where have you been? CCMA – Where are you going? T+2 - US Schedule T+2 - Committee Structure T+2 - Canadian Schedule Questions. CCMA – Where have you been?.

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CCMA & T+2

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  1. CCMA & T+2 Keith Evans Executive Director – CCMA FAS Conference – Whistler BC September 11, 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 24-101

  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 • 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 Co-Chair - TBD Legal/Regulatory Working Group (LRWG) Co-Chair – Jamie Anderson 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 • Send announcement of T2SC structure – COMPLETE • Initial meeting of the T2SC – October 15, 2015 • Identify T2SC membership – October 2015 • 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 • Send announcement of Working Group structure – COMPLETE • Identify Working Group composition – October 2015 • Identify Working Group membership – October 2015 • Working Group to feed information up to the T2SC • Initial meeting of the working groups – October 2015 • Identify major issues and milestones – December 2015

  9. Questions?

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