National Instrument 24-101 A perspective from a Sell-side Firm Kris Sanker Manager, Trade...

National Instrument 24-101A perspective from a Sell-side Firm

Kris SankerManager, Trade Settlements/Securities Lending

BMO Nesbitt BurnsMarch 13, 2007

2

Impact of NI 24-101Four Key Aspects

Mutual dependency

Integrated approach

Upgraded applications and processes

Industry Best Practices and Standards

3

Mutual Dependency

Dealers

Institutional Clients

Custodians

Partners

4

Integrated Approach

Front / Middle / Back Office Cooperation

Client Relationship Issues

Client Documentation

5

Process Improvement and Application Upgrades

Desire for Improved Processing

Cost Constraints / Conflicting Priorities

Mandate to be more efficient

Marketplace Awareness / Involvement

6

Industry Best Practices and Standards

CCMA Best Practices

Standard Data Elements

7

Issues and Challenges

Compliance / Internal Reporting Systems Changes Documentation Gathering Client Relationship Issues Custodian Block Settlement

8

Next Steps

Determine current status

Engage your team

Review internal processes

Develop an action plan

Use CCMA Internal Resources

National Instrument 24-101A perspective from a Sell-side Firm

Kris SankerManager, Trade Settlements/Securities Lending

BMO Nesbitt BurnsMarch 13, 2007