The Project Managers Group (PMG), which reports to the T2S Board, is in charge of ensuring that T2S goes live and that all participating central securities depositories (CSDs) and national central banks will be ready on time. The PMG will set up specific groups to deal with user testing and migration, which are part of its mandate.
The Change Review Group (CRG) which reports to the CSD Steering Group, comprises a group of product managers and functional experts. The CRG assesses and prepares change requests for changes to T2S, and proposes the priority for which a change should be considered within a particular T2S release, as defined in the Change and Release Management Process of the Framework Agreement.
The Operations Managers Group (OMG), which reports to the T2S Board, is responsible for developing and maintaining the T2S Manual of Operational Procedures, which defines the roles and responsibilities of all relevant actors and specifies how business activities are coordinated in both normal and abnormal circumstances.