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With Market Reform Office Market Reform Forum September 2009 Christopher Croft, MRO Graeme Veale & Regan Gilbert, Markel Kent Chaplin, Lloyds.

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Presentation on theme: "With Market Reform Office Market Reform Forum September 2009 Christopher Croft, MRO Graeme Veale & Regan Gilbert, Markel Kent Chaplin, Lloyds."— Presentation transcript:

1 With Market Reform Office Market Reform Forum September 2009 Christopher Croft, MRO Graeme Veale & Regan Gilbert, Markel Kent Chaplin, Lloyds

2 Market Reform 2009 Market Reform Office Agenda Market reform update ECF is quicker than paper Claims transformation

3 Market Reform 2009 Market Reform Office MRG? Reviewing role and remit Reform still appropriate? Other things that could be discussed? Implications for membership At MRG today Further publicity to come

4 Market Reform 2009 Market Reform Office Finish what weve started Negotiation complete Recommendation made to Associations Now for the contract…

5 Market Reform 2009 Market Reform Office FWWS next steps Development programme –IMR Security model to expand scope of IMR –XIS systems development to accept and process structured accounting messages –Non-fundamental splits service –ECF2 package of usability improvements –Binders solution for ECF On target for Nov 2009 On target for May 2010 Release from Q Prototype approved

6 Market Reform 2009 Market Reform Office MRC – version 1.3 Feedback received and being assessed Views being sought on the best means of expressing withholding taxes Guidance changes only so no formal implementation timetable

7 Market Reform 2009 Market Reform Office Support for placing Plans for enhanced change management developing –Address business implementation needs via Lloyds Exchange forum? –Class of Business pilot? –Practitioner workshop At October meeting of

8 Market Reform 2009 Market Reform Office Lloyds Exchange Phase 2 is underway with 18 participants involved To date 15 of the phase 2 participants are now set up on the Exchange 10 of these have completed the initial connectivity testing and the remaining 5 are in progress. Expecting remaining 3 participants to be set up on receiving registration forms. 4 participants begun business testing We should see some more live messages from participants involved in phase 1 at the end of this month as a result of the 30th September renewals

9 Market Reform 2009 Market Reform Office Andy wants to tell you something

10 Market Reform 2009 Market Reform Office Questions?


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