Compensation Funds
Canadian Investor Protection Fund (CIPF)
Related Links - Canadian Securities
Administrators (securities-administrators.ca)
New Self-Regulatory Organization
Canada’s provincial and territorial securities regulators have recognized the New Self-Regulatory Organization of Canada (New SRO) and approved or accepted the Canadian Investor Protection Fund (CIPF), effective January 1, 2023.
CIPF
combines the former Canadian Investor
Protection Fund and the MFDA Investor Protection
Corporation into
a new entity that is independent of 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.
The approval order and other documents related to the MSC’s oversight role can
be found at the following links: