Regulatory Alerts2022-11-24
CSA Staff Notice of Approval 25-308: Approval and Acceptance of Canadian Investor Protection Fund
The Canadian Securities Administrators and provincial regulators approved the amalgamation of the Former CIPF and MFDA IPC into the single Canadian Investor Protection Fund effective January 1, 2023. This decision formalizes the new compensation fund's acceptance under securities legislation and establishes a Memorandum of Understanding for regulatory oversight. The approval includes transitional provisions for existing regulations and specific coverage exclusions for mutual fund dealer accounts located in Quebec.
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