Market Oversight

Compensation Funds

Canadian Investor Protection Fund (CIPF)

Related Links - Canadian Securities Administrators (
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: