Canada:
IIROC Increases Arbitration Program Award Limit
25 January 2011
Stikeman Elliott LLP
To print this article, all you need is to be registered or login on Mondaq.com.
The Investment Industry Regulatory
Organization of Canada (IIROC) announced last week
that, following
consultations undertaken last year, it
has decided to increase the award limit under its arbitration
program to $500,000. Further, IIROC is amending the program's
rules of procedures to allow claimants to opt to eliminate an
arbitrator's discretion to award costs in most circumstances.
For more information on the amendments, which are effective as of
today, see IIROC Notice
11-0016.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from Canada
The Canadian Mortgage Charter: A 2024 Uplift
Gowling WLG
In the 2023 Fall Economic Statement, the Government of Canada announced the Canadian Mortgage Charter ("Charter"), which requires federally regulated financial institutions...
Phase 3 Of CIRO's Rule Consolidation Project
Borden Ladner Gervais LLP
On April 18, 2024, the Canadian Investment Regulatory Organization (CIRO) published for comment Phase 3 of its Rule Consolidation Project proposals. The objective of Phase 3 is to adopt rules...