Definitions for "Canadian Investor Protection Fund"
CIPF is a not-for-profit corporation established by the sponsoring SROs to protect customers in the event of the insolvency of a Member.
A fund established to protect customers in the event of insolvency of a member of any of the following sponsoring self-regulatory organizations: the Bourse de Montréal, Toronto Stock Exchange, TSX Venture Exchange and the Investment Dealers Association of Canada.
The primary role of the Canadian Investor Protection Fund (CIPF) is to provide protection to clients, within defined limits, who suffer financial loss due to the insolvency of a member organization. The CIPF does not cover losses that result from the changing market values of securities. It is set-up by the stock exchanges and the Investment Dealers Association.