CIPF

CIPF Canada, or the Canadian Investor Protection Fund, is a non-profit organization established to protect investors in Canada. It was founded in 1969 and is funded by its members, which include investment dealers and portfolio managers.

CIPF History

The Canadian Investor Protection Fund was established in 1969 to provide protection to investors in the event of a member firm’s insolvency or bankruptcy. The fund was created to help restore investor confidence and to promote the integrity of the Canadian financial system.

CIPF Scope

CIPF Canada provides protection to investors who trade with its member firms. The fund provides coverage for investors up to a maximum of $1 million in the event that a member firm becomes insolvent or bankrupt. CIPF Canada covers a range of investment products, including stocks, bonds, mutual funds, and other securities.

CIPF Supervision

CIPF Canada is overseen by the Canadian Securities Administrators, which is an umbrella organization that represents the provincial and territorial securities regulators in Canada. The fund is also subject to oversight by the Investment Industry Regulatory Organization of Canada, which is responsible for regulating investment dealers in Canada.

CIPF Capital Guarantee

CIPF Canada provides a limited capital guarantee to investors in the event of a member firm’s insolvency or bankruptcy. The fund provides coverage for investors up to a maximum of $1 million, which includes up to $1 million in cash and securities held in the client’s account.

Organization Type

CIPF Canada is a non-profit organization that is funded by its members. The fund is governed by a Board of Directors, which is composed of representatives from the investment industry and public members. The Board is responsible for setting the policies and procedures of the fund, and for overseeing its operations.