CCWIPP and the final judgment of the Ontario Court of Justice
TORONTO – April 8, 2010 - On December 7, 2009, the Honourable Madame Justice Beverly Brown of the Ontario Court of Regulation found that for a brief period in February 15, 2002 to December 31, 2003, the CCWIPP Investment Committee exceeded quantitative limits for a single investment by about 3%. The judgment also found that the CCWIPP Board of Trustees also shared responsibility for this regulatory non-compliance, as it was its duty to monitor the Investment Committee regarding quantitative limits.
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