Investor Protection Funds
Investor protection funds may compensate investors for losses in which an investment dealer or mutual fund dealer becomes insolvent.
The British Columbia Securities Commission has approved two investor protection funds. The Canadian Investor Protection Fund (CIPF) is a compensation fund for customers of investment dealers that are members of IIROC. The MFDA Investor Protection Corporation (MFDA IPC) is a compensation fund for customers of mutual fund dealers that are members of the MFDA.
The CSA is leading the creation of a new, single SRO that will consolidate the functions of IIROC and the MFDA. The two existing investor protection funds – the Canadian Investor Protection Fund and the MFDA Investor Protection Corporation – will be combined into an integrated fund independent of the new SRO. The CSA also anticipates that, following additional consultations, it will consider the possibility of incorporating additional categories of dealers (i.e. exempt market dealers, portfolio managers) – presently regulated directly by the CSA – into the new SRO.
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 Document | Published |
|---|---|