NIN 99/32 - CSA Year 2000 Contingency Planning Seminar [NIN - Rescinded]
| Published Date: | 1999-08-27 |
|---|---|
| Effective Date: | 1999-08-24 |
As we move to the final stage of preparation for the new millennium, the securities industry is now focusing its attention on contingency planning measures. The challenges presented by contingency planning are being met with a variety of initiatives including risk reduction strategies and event management centres. Seminar speakers will include the Canadian stock exchanges, clearing and settlement firms and service providers.
The seminar is being coordinated by the Ontario Securities Commission. The cost to attend the seminar is $350.00. To reserve, return a copy of the attached agenda by September 23rd with you business card by facsimile to (416) 593-0249. An invoice will follow. You may also register through www.osc.gov.on.ca.
The Commission encourages market participants to attend the CSA Year 2000 Contingency Planning Seminar.
For additional information on the seminar, please contact:
Wendy Sullivan
Chief Examiner
British Columbia Securities Commission
(604) 899-6752 or 1 (800) 373-6393 (in B.C.)
DATED at Vancouver, British Columbia, on August 24, 1999.
Steve Wilson
Executive Director
August 20, 1999
Dear Colleague:
As we move into the final stage of preparation for the new millennium, the securities industry is now focusing its attention on contingency planning measures. The challenges presented by contingency planning are being met with an array of initiatives including risk reduction strategies and event management centres.
On September 27, the Canadian Securities Administrators is hosting an industry-wide seminar on Contingency Planning. Participants at the all-day session will include the Canadian Exchanges, Clearing and Settlement firms and Service Providers.
With the successful testing and implementation issues now substantially behind us, new and equally challenging Y2K topics are on the agenda as we prepare for the new millennium.
No matter how well prepared an individual firm is, external events could have a tremendous impact on your business - risk mitigation and contingency plans will be critical aspects in your preparations.
Leading experts from across the industry will be on hand to discuss what to expect and what is being done to prepare for the Year 2000.
The cost to attend this conference is $350.00. To reserve your place, return the attached agenda by September 23rd with your business card by facsimile to (416) 593-0249. An invoice will follow. If you have any questions please call the OSC Y2K Contingency Planning Conference registration at (416) 593-7352. You may also register through www.osc.gov.on.ca.
We are confident that you will benefit from this important seminar and look forward to your participation on September 27th .
Sincerely,
Randee Pavalow
Chair
CSA Year 2000 Committee
Y2K Contingency Planning Seminar
September 27, 1999 ~ Marriott Hotel, Eaton Centre ~ Toronto, Ontario
PROGRAM-AT-A-GLANCE
8:00 - 9:00 a.m. Registration and Continental Breakfast
9:00 - 9:15 a.m. Welcome and Opening Remarks
9:15 - 9:45 a.m. CSA Update
Members of the CSA Y2K Steering committee will discuss the lessons learned from the CSA Industry-Wide Y2K tests that were completed in June.
9:45 - 10:30 a.m. Exchange Contingency Planning
TSE / ASE / ME / VS
This session will review the tests already undertaken by four of Canada's Exchanges and the contingency plans they have put in place for Y2K.
This session will review the tests already undertaken by four of Canada's Exchanges and the contingency plans they have put in place for Y2K.
10:30 - 10:45 a.m. Refreshment Break
10:45 - 11:30 a.m. Industry Groups
IDA / IFIC / CBA
Members of several Industry Groups will discuss and highlight what tests have been run and focus on plans that should be in place. They will also address the question of what they are doing as industry organizations to prepare for Y2K.
IDA / IFIC / CBA
Members of several Industry Groups will discuss and highlight what tests have been run and focus on plans that should be in place. They will also address the question of what they are doing as industry organizations to prepare for Y2K.
11:30 a.m. - 12:15 p.m. Service Providers
Members of the CSA's Y2K project will discuss what many Service Providers have done in preparation and the contingency plans they have put in place for Y2K.
12:15 - 1:15 p.m. Luncheon Buffet
1:15 - 2:00 p.m. Clearing and Settlement
CDS / CDCC / FundSERV
As participants in the CSA's Y2K Tests, these companies will discuss the lessons learned from the exercise and how their contingency plans have changed since.
As participants in the CSA's Y2K Tests, these companies will discuss the lessons learned from the exercise and how their contingency plans have changed since.
2:00 - 3:00 p.m. Event Management Initiative (EMI)
Many firms will set up event management command centres to mitigate the risk associated with the millennium cross over period. The Y2K Contingency Planning seminar will address Y2K event management strategies facilitated through an industry EMI from three core perspectives: Firm-specific, Canadian Financial Services Industry specific and Global Financial Markets.
3:00 - 3:15 p.m. Refreshment Break
3:15 - 4:00 p.m. Day Zero
This session will focus on the activities being planned by the Canadian Securities Industry Participants over the millennium change-over period. This will include an overview of the internal activities being planned by these organizations as well as facilities and support that will be made available for members to perform testing.
4:00 p.m. Closing Remarks