Investor Protection Funds
An investor protection fund may compensate investors for losses in which an investment dealer or mutual fund dealer becomes insolvent.
The BC Securities Commission, along with Canada’s other securities regulators, have approved or accepted the Canadian Investor Protection Fund (CIPF) as a compensation fund for customers of mutual fund dealers and investment dealers that are members of the New Self-Regulatory Organization of Canada, effective January 1, 2023. CIPF is currently the only approved investor protection fund.
The CIPF combines the former Canadian Investor Protection Fund and the MFDA Investor Protection Corporation into a new entity that is independent of the New SRO. The CIPF provides compensation to eligible customers of New SRO member firms in the event of a firm’s insolvency. It does not cover losses resulting from the changing market value of securities, unsuitable investments, or the default by an issuer of securities.
Canadian Investor Protection Fund (CIPF)
| Canadian Investor Protection Fund (CIPF) Document | Published |
|---|---|
| Variation Order, revised Approval Order, Notice of Termination and revised Memorandum of Understanding for the Canadian Investor Protection Fund | 2020-10-22 |
| Canadian Investor Protection Fund Variation Order |
2008-09-30 |
| Memorandum of Understanding |
2008-09-30 |
| Canadian Investor Protection Fund (CIPF) Document | Published |
|---|---|
MFDA Investor Protection Corporation (MFDA IPC)
| MFDA Investor Protection Corporation (MFDA IPC) Document | Published |
|---|---|
| Variation Order, revised Approval Order and new Memorandum of Understanding for the MFDA Investor Protection Corporation | 2020-10-22 |
| MFDA Investor Protection Corporation Variation Order, see BCN 2015/03 |
2015-04-30 |
| MFDA Investor Protection Corporation Variation Order |
2006-07-13 |
| MFDA Investor Protection Corporation Approval Order |
2005-05-13 |
| MFDA Investor Protection Corporation (MFDA IPC) Document | Published |
|---|---|
CSA Staff Notice
| CSA Staff Notice Documents | Published |
|---|---|
| 25-308 - Approval and Acceptance of Canadian Investor Protection Fund | 2022-11-24 |
| 25-305 - Application for Approval of the New Investor Protection Fund [CSA Staff Notice and Request for Comment] | 2022-05-12 |
| CSA Staff Notice Document | Published |
|---|---|
| 25-303 - 2021 CSA Annual Activities Report on the Oversight of Self-Regulatory Organizations and Investor Protection Funds [CSA Staff Notice] |
2022-04-28 |