The MFDA Investor Protection Corporation ("IPC") is a not-for-profit corporation incorporated by Letters Patent on November 14, 2002 under Part II of the Canada Corporations Act. It is a separate legal entity from the MFDA.

The MFDA IPC provides protection to eligible customers of MFDA Members on a discretionary basis to prescribed limits if securities, cash and other property held by any such Member are unavailable as a result of the Member's insolvency. Coverage of customer accounts commenced on July 1, 2005.

MFDA IPC Coverage Policy

The MFDA and MFDA IPC have prepared a brochure describing IPC coverage. Should a Member firm wish to provide information to clients with respect to IPC coverage, the Member must use this brochure as the sole manner of communication.

MFDA IPC Brochure
MFDA IPC Claims Procedures

The terms and conditions of the approval orders of the MFDA IPC required that a Working Group, consisting of representatives of the MFDA IPC, the MFDA and MFDA Members, be established, with members of the CSA participating as observers. The Working Group was established in October 2005 and undertook to review a number of aspects of the MFDA IPC. The Report and Response, available here, are the results of that process.

MFDA IPC Working Group Report, MFDA IPC Board of Directors' Response and Related Bulletins