National Instrument 24-101Institutional Trade Matching & Settlement

Implementation Phase

Andrew ParkinsonCanadian Capital Markets Association

March 13, 2007

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Agenda

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

CCMA Board & Observers

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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

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Committee Structure

CustodianSubcommittee

(CSC)

CCMA(Executive Director)

CCMA Board of Directors

Executive CommitteeSubcommittee of the Board

Finance Committee Secretary

Buy-SideSubcommittee

(BSSC)

Sell-SideSubcommittee

(SSSC)

Communication & Education

Working Group(CEWG)

Legal/RegulatoryWorking

Group(LRWG)

January 2007

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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

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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

National Instrument 24-101Institutional Trade Matching & Settlement

Implementation Phase

Andrew ParkinsonCanadian Capital Markets Association

March 13, 2007