{"id":205,"date":"2025-12-29T19:02:53","date_gmt":"2025-12-29T19:02:53","guid":{"rendered":"http:\/\/hykaz.net\/securities\/market-oversight\/sros-and-investor-protection-funds\/"},"modified":"2026-04-20T18:29:30","modified_gmt":"2026-04-20T18:29:30","slug":"sros-and-investor-protection-funds","status":"publish","type":"page","link":"https:\/\/hykaz.net\/fr\/securities\/market-oversight\/sros-and-investor-protection-funds\/","title":{"rendered":"SROs and Investor Protection Funds"},"content":{"rendered":"<div data-wp-context=\"{ &quot;autoclose&quot;: true, &quot;accordionItems&quot;: [] }\" data-wp-interactive=\"core\/accordion\" role=\"group\" class=\"wp-block-accordion is-layout-flow wp-block-accordion-is-layout-flow\">\n<div data-wp-class--is-open=\"state.isOpen\" data-wp-context=\"{ &quot;id&quot;: &quot;accordion-item-1&quot;, &quot;openByDefault&quot;: false }\" data-wp-init=\"callbacks.initAccordionItems\" data-wp-on-window--hashchange=\"callbacks.hashChange\" class=\"wp-block-accordion-item is-layout-flow wp-block-accordion-item-is-layout-flow\">\n<h3 class=\"wp-block-accordion-heading\"><button aria-expanded=\"false\" aria-controls=\"accordion-item-1-panel\" data-wp-bind--aria-expanded=\"state.isOpen\" data-wp-on--click=\"actions.toggle\" data-wp-on--keydown=\"actions.handleKeyDown\" id=\"accordion-item-1\" type=\"button\" class=\"wp-block-accordion-heading__toggle\"><span class=\"wp-block-accordion-heading__toggle-title\">Self-Regulatory Organizations<\/span><span class=\"wp-block-accordion-heading__toggle-icon\" aria-hidden=\"true\">+<\/span><\/button><\/h3>\n\n\n\n<div inert aria-labelledby=\"accordion-item-1\" data-wp-bind--inert=\"!state.isOpen\" id=\"accordion-item-1-panel\" role=\"region\" class=\"wp-block-accordion-panel is-layout-flow wp-block-accordion-panel-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Self-regulatory organizations (SROs) represent their members and regulate the operations, standards of practice, and business conduct of their members.&nbsp;<em>The Securities Act&nbsp;<\/em>(Manitoba) and&nbsp;<em>The Commodity Futures Act&nbsp;<\/em>(Manitoba) give the MSC the power to recognize SROs. The Self-Regulatory organization recognized in Manitoba is the Canadian Investment Regulatory Organization (CIRO). CIRO regulates mutual fund dealers and investment dealers, and acts as the regulation services provider for marketplaces that have retained it as such.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The recognition order and other documents related to the MSC\u2019s oversight role can be found at the following links:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/docs.mbsecurities.ca\/msc\/oe\/en\/item\/521076\/index.do\">Canadian Investment Regulatory Organization Recognition Order No. 7601 \u2013 amended and restated June 1, 2023<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/themfsa.ca\/wp-content\/uploads\/2024\/02\/mou_recognizing_regulators_oversight_ciro.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Memorandum of Understanding regarding Oversight of Canadian Investment Regulatory Organization \u2013 June 1, 2023<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Other Documents<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/docs.mbsecurities.ca\/msc\/capital-markets\/en\/item\/520935\/index.do\">CSA Staff Notice 25-303&nbsp;<em>2021 CSA Annual Activities Report on the Oversight of Self-Regulatory Organization and Investor Protection Funds<\/em><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/docs.mbsecurities.ca\/msc\/notices\/en\/521066\/1\/document.do\">CSA Staff Notice 25-310 2022&nbsp;<em>Annual Activities Report on the Oversight of Self-Regulatory Organizations and Investor Protection Funds<\/em><\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<div data-wp-class--is-open=\"state.isOpen\" data-wp-context=\"{ &quot;id&quot;: &quot;accordion-item-2&quot;, &quot;openByDefault&quot;: false }\" data-wp-init=\"callbacks.initAccordionItems\" data-wp-on-window--hashchange=\"callbacks.hashChange\" class=\"wp-block-accordion-item is-layout-flow wp-block-accordion-item-is-layout-flow\">\n<h3 class=\"wp-block-accordion-heading\"><button aria-expanded=\"false\" aria-controls=\"accordion-item-2-panel\" data-wp-bind--aria-expanded=\"state.isOpen\" data-wp-on--click=\"actions.toggle\" data-wp-on--keydown=\"actions.handleKeyDown\" id=\"accordion-item-2\" type=\"button\" class=\"wp-block-accordion-heading__toggle\"><span class=\"wp-block-accordion-heading__toggle-title\">Predecessor SROs and IPFs<\/span><span class=\"wp-block-accordion-heading__toggle-icon\" aria-hidden=\"true\">+<\/span><\/button><\/h3>\n\n\n\n<div inert aria-labelledby=\"accordion-item-2\" data-wp-bind--inert=\"!state.isOpen\" id=\"accordion-item-2-panel\" role=\"region\" class=\"wp-block-accordion-panel is-layout-flow wp-block-accordion-panel-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Effective January 1, 2023, Canada\u2019s provincial and territorial securities regulators recognized the New Self-Regulatory Organization of Canada (New SRO) and approved or accepted the Canadian Investor Protection Fund (CIPF). On June 1, 2023 the legal name of New SRO was changed to Canadian Investment Regulatory Organization (CIRO).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CIRO is carrying on the functions of the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada. CIRO regulates mutual fund dealers and investment dealers, and acts as the regulation services provider for marketplaces that have retained it as such, including monitoring trading on those marketplaces for compliance with applicable rules and securities legislation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CIPF combines the former Canadian Investor Protection Fund and the MFDA Investor Protection Corporation into a new entity that is independent of CIRO. CIPF provides compensation to eligible customers of CIRO member firms in the event of a firm\u2019s insolvency. It does not cover losses resulting from the changing market value of securities, unsuitable investments, or the default by an issuer of securities.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div data-wp-class--is-open=\"state.isOpen\" data-wp-context=\"{ &quot;id&quot;: &quot;accordion-item-3&quot;, &quot;openByDefault&quot;: false }\" data-wp-init=\"callbacks.initAccordionItems\" data-wp-on-window--hashchange=\"callbacks.hashChange\" class=\"wp-block-accordion-item is-layout-flow wp-block-accordion-item-is-layout-flow\">\n<h3 class=\"wp-block-accordion-heading\"><button aria-expanded=\"false\" aria-controls=\"accordion-item-3-panel\" data-wp-bind--aria-expanded=\"state.isOpen\" data-wp-on--click=\"actions.toggle\" data-wp-on--keydown=\"actions.handleKeyDown\" id=\"accordion-item-3\" type=\"button\" class=\"wp-block-accordion-heading__toggle\"><span class=\"wp-block-accordion-heading__toggle-title\">Investor Protection Funds<\/span><span class=\"wp-block-accordion-heading__toggle-icon\" aria-hidden=\"true\">+<\/span><\/button><\/h3>\n\n\n\n<div inert aria-labelledby=\"accordion-item-3\" data-wp-bind--inert=\"!state.isOpen\" id=\"accordion-item-3-panel\" role=\"region\" class=\"wp-block-accordion-panel is-layout-flow wp-block-accordion-panel-is-layout-flow\">\n<p class=\"wp-block-paragraph\">The Canadian Investor Protection Fund (CIPF) combines the former Canadian Investor Protection Fund and the MFDA Investor Protection Corporation into a new entity that is independent of CIRO. CIPF provides compensation for property held by a member firm on behalf of an eligible client, if the member firm becomes insolvent. CIPF member firms are members of CIRO that are investment dealers and\/or mutual fund dealers that are not located exclusively in Quebec. It does not cover losses resulting from the changing market value of securities, unsuitable investments, or the default by an issuer of securities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The approval order and other documents related to the MSC\u2019s oversight role can be found at the following links:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2022&nbsp;<a href=\"https:\/\/docs.mbsecurities.ca\/msc\/oe\/en\/item\/521030\/index.do\" target=\"_blank\" rel=\"noreferrer noopener\">Canadian Investor Protection Fund Approval Order No.7602 \u2013 January 1, 2023<\/a><br>\u2022<a href=\"https:\/\/themfsa.ca\/wp-content\/uploads\/2024\/02\/mou-cipf-%E2%80%93-january-1-2023.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/hykaz.net\/wp-content\/uploads\/mou-cipf-\u2013-january-1-2023.pdf<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":166,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-child-switcher.php","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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