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

MFDA Investor Protection Corporation (MFDA IPC)

MFDA Investor Protection Corporation (MFDA IPC) Document Published

CSA Staff Notice