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Friday, 17 February 2012, 10:30 to 16:00
ECB Eurotheum
Neue Mainzer Strasse 66
60311 Frankfurt am Main
Plinth Building, 2nd floor
Rooms CP22
Description: The Chairman will provide an update on meetings and other developments relevant to the T2S.
Description: The CASG members will review the summary of the CASG meeting of 13 October 2011.
Description: The Greek and Cyprus markets replied to the 2011 gap analysis that T2S CA standards (on flows) are not applicable in their equities markets because no unsettled instructions exist after the intended settlement date. There may also be other markets which also do not have failed transactions. The CASG will discuss further with the representatives from the Greek market.
Description: In the November 2011 Advisory Group meeting, a request was made to clarify which T2S BP standards (if any) would apply if a market were to adopt a non-automated solution. The CASG will discuss its reply to the AG. The CAJWG has developed a separate set of standards for non-automated BP. The CASG will have a first discussion on how the T2S BP standards will need to be revised.
Description: In the November AG meeting, there was a request to investigate how to improve the coordination between the various groups working on corporate action harmonisation, and how to streamline the number of regular gap analysis surveys.
Description: In its November meeting, the AG was not convinced that so many legislative changes should be required to implement the T2S corporate action standards, as was reported by some markets during the 2011 gap analysis. The CASG was asked to check with the NUGs/MIGs exactly what legal changes may be required.
Description: The CASG will discuss the launch of the 2012 gap analysis survey.
