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Paul Landless and Emir Nurmansyah

Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement. Paul Landless and Emir Nurmansyah. 22 November 2011. Indonesian GMRA Annex. Introduction. Timeline Management

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Paul Landless and Emir Nurmansyah

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  1. Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement Paul Landless and Emir Nurmansyah 22 November 2011 Indonesian GMRA Annex

  2. Introduction • Timeline Management • Project plan by project stages • Expected participation and support by Core Team Members • Hot areas / areas of focus • Communication Strategy Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  3. Timeline Management Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  4. Overview of Project Stages • Initial Workshop (17 Oct 2011 - 22 Nov 2011) • Legal Compatibility Review (4 Nov 2011 – 13 Jan 2012) • Industry Consultation (4 Nov 2011 – 13 Jan 2012) • Drafting (13 Jan 2012 – 13 Apr 2012) • Translation (16 Apr 2012 – 4 May 2012) • Market Education and Training (7 May 2012 – 15 Jun 2012) Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  5. Initial Workshop • Meeting with the Taskforce • Meeting with the Taskforce and delivering the workshop: • Project Plan and Deliverables Discussion (to highlight expected participation of Taskforce, Time Line Management, Key Risk Areas) • Legal Workshop to explain the GMRA Implementation Strategy, Case Studies of Other Jurisdiction, Key Business Issues • Strategy for Market Standards • Estimated Completion: Today (22 November 2011) Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  6. Legal Compatibility Review (1) • Review of Market Survey • ABNR to arrange for market surveys conducted by Taskforce to be translated into English and CC to review • Taskforce to provide market survey to CC/ABNR • Estimated Completion: Completed (4 November 2011) Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  7. Legal Compatibility Review (2) • Preparation of Legal Questionnaire • CC to prepare draft legal questionnaire for Taskforce and ABNR to review, based on experience and contents of market survey • Taskforce to participate in discussions with CC and ABNR on legal/regulatory issues • Estimated Completion: 2 December 2011 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  8. Legal Compatibility Review (3) • Response to Questionnaire • ABNR to provide formal responses to issues raised in Legal Questionnaire • Taskforce to participate in discussions with CC and ABNR on legal/regulatory issues • Estimated Completion: 14 December 2011 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  9. Legal Compatibility Review (4) • Consultation with Legal Community • ABNR will circulate the Legal Questionnaire (with cover letter) to select members of the Indonesian legal community for their input on legal/regulatory issues • Bapepam to provide cover letter in Bahasa Indonesia (explaining nature of Project and requesting comments) and provide list of selected members of Indonesian legal community and their contact details to CC (with target of 10- 15 top firms responding) • Market Participants to provide input on Legal Questionnaire • Estimated Completion: 13 January 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  10. Industry Consultation (1) • Review of Market Survey • ABNR to arrange for market surveys conducted by Taskforce to be translated into English and CC to review • Taskforce to provide market surveys to CC/ABNR • Estimated Completion: Completed (4 November 2011) Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  11. Industry Consultation (2) • Identification of Key Issues • CC will consult with the Taskforce and ABNR to identify the key issues in relation to market standards, policies and approaches as well as business, operational, accounting and tax requirements (combine with discussion of legal issues in Initial Workshop as this would reduce the overall response time towards an agreed market standard) • Estimated Completion: 25 November 2011 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  12. Industry Consultation (3) • Consultation with Market Participants • CC will circulate the proposal on market standards to select market participants for discussion and consultation • Bapepam to provide cover letter in Bahasa Indonesia (explaining nature of Project and requesting comments) and provide list of selected market participants and their contact details to CC (targeting various market participants in relation to non-legal market standards) • Market Participants to provide input on proposal on market standards • Estimated Completion: 30 December 2011 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  13. Industry Consultation (4) • Establishment of Market Standard • CC to discuss with the Taskforce and ABNR on best way to achieve market consensus on market standards. Discussions to be held with selected market participants either through conference calls or electronic mail • Market Participants to participate in market-wide discussions on establishment of market standards for repurchase transactions • Estimated Completion: 13 January 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  14. Drafting (1) • Workshop Prior to Start of Drafting • Combined workshop on legal and non-legal issues: CC/ABNR to highlight the outputs of Market Standards/Legal Issues and drafting strategy. At this stage all issues regarding business, taxes, accounting and legal should have been identified and will be accommodated in the drafting. Intensive participation of accounting and tax authorities to provide inputs is required • Taskforce to organise a venue for workshop; participate in discussions with CC and ABNR and involvement of relevant accounting and tax authorities as required in discussions • Market Participants to provide input, particularly on accounting and tax issues • Estimated Completion: 13 January 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  15. Drafting (2) • Analysis of Results • CC to analyse results of Legal Compatibility Review and Industry Consultation to determine list of issues to be addressed in GMRA Annex • Taskforce to participate in discussions with CC and ABNR on draft GMRA Annex • Estimated Completion: 3 February 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  16. Drafting (3) • Drafting of Annex • CC to prepare a first draft of the GMRA Annex • Taskforce to review draft versions of the GMRA Annex and provide feedback • Estimated Completion: 2 March 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  17. Drafting (4) • Consultation with Market Participants • CC to circulate first draft of the GMRA Annex to select market participants for their input • Taskforce to provide list of select market participants to receive first draft of GMRA Annex • Market Participants to provide input on first draft of GMRA Annex • Estimated Completion: 23 March 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  18. Drafting (5) • Workshop on First Draft • Workshop on first draft of GMRA Annex to be organised by CC/ABNR in Indonesia for legal community explaining features and approaches taken to preparing GMRA Annex and inviting comments • Taskforce to organise a venue for workshop; participate in discussions with CC and ABNR on approach to take with workshop • Market Participants to attend workshop and provide comments • Estimated Completion: 9 March 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  19. Drafting (6) • Finalisation of GMRA Annex • CC to incorporate comments from selected market participants into the GMRA Annex to produce finalised GMRA Annex • Taskforce to participate in discussions with CC and ABNR on final GMRA Annex • Estimated Completion: 13 April 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  20. Translation (1) • Translation of GMRA • ABNR will arrange translation of the GMRA into Bahasa Indonesia • Taskforce to assist ABNR with co-ordination of translation of GMRA • Estimated Completion: 27 April 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  21. Translation (2) • Translation of Annex • ABNR will arrange translation of final version of GMRA Annex into Bahasa Indonesia • Taskforce to assist ABNR with co-ordination of translation of draft GMRA Annex • Estimated Completion: 27 April 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  22. Translation (3) • Consultation with Market Participants • ABNR will circulate the Bahasa Indonesia version of the GMRA and Annex to selected market participants for input on quality of translation • Taskforce to provide list of select market participants to ABNR for quality control of translation • Market Participants to provide input on translated version of GMRA and Annex • Estimated Completion: 4 May 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  23. Market Education and Training (1) • Preparation of Training • CC to collaborate with the Taskforce and ABNR to produce a set of materials to be used in market education and training of market participants in relation to the use of the GMRA Annex • Taskforce to participate in discussions with CC and ABNR in relation to preparation of training materials • Estimated Completion: 25 May 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  24. Market Education and Training (2) • Collaboration with Market Participants • CC to contact select market participants for their input in relation to agenda of training sessions and topics to be covered • Taskforce to provide list of select market participants to CC in relation to training sessions • Estimated Completion: 25 May 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  25. Market Education and Training (3) • Delivery of Training • CC, the Taskforce and ABNR will co-ordinate delivery of the training sessions to market participants in Jakarta • Taskforce to organise venues for the training sessions and advertise training sessions to market participants • Market Participants to attend training sessions • Estimated Completion: 8 June 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  26. Market Education and Training (4) • Delivery of GMRA Annex • CC to submit English and Bahasa Indonesia version of GMRA Annex to the Taskforce • Estimated Completion: 15 June 2012 Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  27. Communication Strategy Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  28. Communication Strategy • Updates and sharing via on-going workshops • Regular calls within Core Team Members • Welcome any suggestions Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  29. Questions? Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  30. Your Contacts Paul Landless ConsultantClifford ChanceOne George Street19th FloorSingapore 049145Singapore T + 65 6661 2029 F + 65 6410 2288 E paul.landless@cliffordchance.com Paget Dare Bryan Partner28th Floor Jardine House One Connaught Place Central Hong Kong SAR T +852 2826 2459 F +852 2825 8800 E paget.darebryan@cliffordchance.com Terry Yang Senior Associate28th Floor Jardine House One Connaught Place Central Hong Kong SAR T +852 2825 8863 F +852 2825 8800 E terry.yang@cliffordchance.com Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  31. Your Contacts Emir Nurmansyah Partner Graha CIMB Niaga 24th Floor Jl. Jend. Sudirman Kav. 58 Jakarta 12190 T +62 21 2505125 F +62 21 2505001, 5121, 5122,5392 E enurmansyah@abnrlaw.com Philip Payne Foreign Of CounselGraha CIMB Niaga 24th Floor Jl. Jend. Sudirman Kav. 58 Jakarta 12190 T +62 21 2505125 F +62 21 2505001, 5121, 5122,5392 E ppayne@abnrlaw.com Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

  32. A premier law firm in Asia Pacific with deep ties to leading local players We have been active in the Asia Pacific region for more than 50 years: • with eight offices across the region and more than 400 lawyers in Bangkok, Beijing, Hong Kong, Perth, Shanghai, Singapore, Sydney and Tokyo • practising English, US, Hong Kong, Japanese, Singapore, Thai and Australian law and providing local law advice in all offices, where the regulatory framework permits, and working with local lawyers in other jurisdictions • receiving one of the first Qualifying Foreign Law Practice licences issued by the Singapore Government, allowing us to provide Singapore law advice • with a joint marketing and cooperation arrangement with VILAF-Hong Duc in Vietnam • creating strong working relationships with local law firms in Malaysia, Indonesia, the Philippines, South Korea and elsewhere in Asia Pacific • providing a multilingual service to reflect the nature of the region. Our lawyers advise a diverse client base including domestic and multi-national corporates, banks and other financial institutions, governments and other regulatory bodies, and international partnerships. 22 November 2011

  33. Project Plan Discussion with Core Team Members: Timeline Management, Communication Strategy and Expected Participation, Hot Areas and Support Requirement

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