1. 1 Sub-Group Message Standardisation Activity report to the AG T2S Project Team European Central Bank Bucarest, 30 June 2011

2. 2 Overview Change requests to the AG: follow-up Review of messages developed Change requests to ISO

3. 3 SGMS March change requests to AG – follow-up See agenda item 7.1

4. 4 Message development 19 messages received from 4CB since March for review. 18 are pillar III: Queries, Responses and Reports needed for T2S Despite slight delay in reception (2.5 weeks), SGMS feedback on time for the UDFS 1.2 contribution SGMS Review complete.

5. 5 Maintenance requests to ISO 8 maintenance requests were submitted to the ISO Registration Authority on 31May 2011 Next steps: –Maintenance Working Group –Securities Standards Evaluation Group

6. 6 THANK YOU