IIROC issued a Rules Notice Request for Comments on its Review of IIROC Arbitration Program.
Commencing in the fall of 2008, IIROC undertook a comprehensive review and evaluation of the arbitration program. The results are discussed in the Notice.
IIROC invites public comment on the matters raised in the Notice and, particularly, the following:
1. the benefits of arbitration and the viability of the program;
2. the experience of parties to arbitration cases under the program and suggestions to improve effectiveness and utilization of the program; and
3. IIROC’s proposal to increase the award limit under the program from the current limit of $100,000.
Comments will be accepted until March 16, 2010. Comments will be posted on the IIROC web site.