|May 12, 2022||News Release||Canadian securities regulators announce boards of new SRO and IPF and seek comment on draft documents|
|May 12, 2022||Communiqué de presse||Les autorités en valeurs mobilières du Canada annoncent la composition des conseils d’administration du nouvel OAR et du nouveau FG et lancent une consultation sur des projets de documents|
|May 12, 2022||Frequently Asked Questions||New SRO IAP and New Interim Rules FAQ|
MFDA Investor Protection Corporation (the “MFDA IPC”) is a not-for-profit corporation established by the Mutual Fund Dealers Association of Canada (“MFDA”) to administer an investor protection fund (“Fund”) for the benefit of clients of mutual fund dealers that are members of the MFDA (“Member Firms”). The Fund protects client assets held by a Member Firm in the event that the Member Firm becomes insolvent.
The MFDA is the sole self-regulatory organization that is the sponsor of the MFDA IPC. The MFDA IPC began offering coverage on July 1, 2005. As of January 30, 2022, the MFDA has 88 mutual fund dealers across Canada participating in the Fund. The MFDA IPC operates in all provinces except Quebec, which has its own compensation fund.