Australia Peter Clarke Australian Securities Commission

Canada Rozanne Reszel Canadian Investor Protection Fund

France Didier Davydoff Commission des François Champarnaud Opérations de Bourse Emmanuel Carrère Commission Bancaire

Germany Dr. Joachim Henke Bundesministerium der Finanzen Werner Gehring Deutsche Bundesbank Dr. Uwe Neumann Bundesaufsichtsamt fur das Kreditwesen

Hong Kong Siva Singham Securities and Futures Commission

Italy Dr. M. Antonietta Scopelliti Commissione Nazionale per la Carlo Biancheri Società e la Borsa

Japan Toru Shikibu Ministry of Finance Kenta Ichikawa

Mexico Miguel Cano Comision Nacional de Valores

Netherlands Cor-Jan Dasselaar Securities Board of the Netherlands

Spain Ester Martinez Cuesta Comision Nacional del R. Martinez-Pardo del Valle Mercado de Valores

Sweden Lennart Torstensson Financial Supervisory Hans Boberg Authority

Switzerland Daniel Zuberbühler Swiss Federal Banking Commission Urs Brügger Swiss Admission Board

United Kingdom Martin Vile, Chairman Securities and Investments Board Jane Coakley Peter Andrews Tony Smith

U.S.A. Michael Macchiaroli Securities and Exchange Commission Harry Melamed

Andrea Corcoran Commodity Futures Trading Jane Kang Commission