An Investor Protection Fund (IPF) is a compensation fund approved by the ASC. The current IPF, the Canadian Investment Protection Fund (CIPF) protects, within defined limits, the cash, securities and other property of eligible customers of investment and mutual fund dealers that are members of CIPF's sponsoring organization, in the event of such member's insolvency.
CIPF replaced and consolidated the former Canadian Investor Protection Fund (Former CIPF) and the MFDA Investor Protection Corporation (MFDA IPC), effective January 1, 2023. The CIPF is independent of CIRO.
Current Investor Protection Fund
Canadian Investor Protection Fund (CIPF)
Annual Activity Reports
| Entity | Title | Effective Date |
| CIPF |
2024 Annual Activities Report on the Oversight of CIRO and CIPF |
03/27/2025 |
| Former CIPF/MFDA IPC |
2023 Annual Activities Report on the Oversight of CIRO and CIPF |
03/28/2024 |
| Former CIPF/MFDA IPC | 2022 Annual Activities Report on the Oversight of SROs and IPFs |
04/20/2023 |
Approval Orders
| Entity | Title | Effective Date |
| CIPF |
CIPF Approval Order |
01/01/2023 |
| Former CIPF |
Former CIPF Approval Order | 01/01/2021 |
| MFDA IPC |
MFDA IPC Approval Order |
01/01/2021 |
| MFDA IPC | MFDA IPC Approval Order | 04/30/2015 |
| Former CIPF |
Former CIPF Approval Order | 11/19/2008 |
| MFDA IPC | ASC Notice of 2006 MFDA IPC Amending Order |
07/13/2006 |
| MFDA IPC |
Amending Order 2006 MFDA IPC |
05/18/2006 |
| MFDA IPC |
ASC Notice of 2005 Final Approval of MFDA IPC | 05/20/2005 |
| MFDA IPC |
MFDA 2005 IPC Approval Order |
05/17/2005 |
| MFDA IPC | Notice of Revised Application for approval of the MFDA IPC |
02/25/2005 |
| MFDA IPC | Revised Application by the MFDA IPC | 02/25/2005 |
| MFDA IPC | Proposed Draft Form of Approval Order MFDA IPC | 02/25/2005 |
| MFDA IPC | Notice of Application for Approval of MFDA IPC and Proposed Amendment to Section 28 of the Alberta Securities Commission Rules (General) |
12/02/2002 |
| MFDA IPC | Application of the MFDA and the MFDA IPC | 11/14/2002 |
Memorandums of Understanding
| Entity | Title | Effective Date |
| CIPF |
MOU Regarding the Oversight of CIPF | 01/01/2023 |
Historical Information
| Entity | Title | Effective Date |
| Former CIPF |
MOU Regarding the Oversight of Former CIPF | 01/01/2021 |
| MFDA IPC |
MOU Regarding the Oversight of MFDA IPC |
01/01/2021 |
| Former CIPF |
Notice of Termination of MOU Regarding the Oversight of Former CIPF |
01/01/2021 |
| Former CIPF |
MOU Regarding the Oversight of Former CIPF | 09/30/2008 |
Oversight Review Reports
More information to come
Rule Reviews
| Entity | Title | Effective Date |
| More information to come |
Historical Information
| Entity | Title | Effective Date |
| Former CIPF |
By-law Amendment Order | 01/23/2012 |
| Former CIPF |
By-law Amendment Order |
08/24/2010 |