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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.
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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.
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