In May 2005, the MFDA Investor Protection Corporation ("MFDA IPC") was recognized by the securities commissions in British Columbia, Alberta, Saskatchewan, Ontario and Nova Scotia as a compensation fund for customers of mutual fund dealers that are Members of the MFDA.

Notices of securities commission approval and approval orders can be found by selecting the relevant link(s) below.

Alberta

• Approval Order and Schedule A – Terms and Conditions (May 17, 2005)

British Columbia

• Approval Order and Schedule A – Terms and Conditions (May 13, 2005)

Saskatchewan

• General Ruling Order 11-905 and Schedule A – Terms and Conditions (May 12, 2005)

Ontario

• Approval Order and Schedule A – Terms and Conditions (May 3, 2005)

Nova Scotia

• Approval Order and Schedule A – Terms and Conditions (May 18, 2005)

Application for CSA Approval

The OSC published the MFDA IPC's revised application for approval as a compensation fund in the Ontario Securities Commission Bulletin on February 25, 2005 ((2005) 28 OSCB 2067).

The following documents in pdf format refer to the MFDA IPC Application for Approval:

• OSC Notice
• Notice and Request for Comment - Revised Application for Approval
• Application letter to the CSA
  • Exhibit A - Letters Patent
  • Exhibit B - Draft By-Law Number 1
  • Exhibit C - Draft Coverage Policy
  • Exhibit D - Proposed Amendments to MFDA Rule 2.7
  • Exhibit E - Draft Advertising Policy - Disclosure of Member Coverage
• Draft Approval Order - Revised
• Summary of Public Comments Respecting Initial Application for Approval of MFDA Investor Protection Corporation and Response of the MFDA and MFDA IPC (November 2002).