Regulatory

CIPF

Canadian Investor Protection Fund. Insures clients against dealer insolvency.

Definition

CIPF protects client assets at CIRO investment dealers if the dealer becomes insolvent. Coverage is up to $1 million in property per separate account, including cash, securities, and certain commodities. It does not cover market losses, only insolvency-driven shortfalls. Funded by member-dealer contributions.

Source

CIPF Coverage Policy; CIRO IDPC Rule 5000 series

Where this shows up on the CIRE

Outcome 1.6

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