The Canadian Investor Protection Fund (CIPF or the Fund), originally named the National Contingency Fund, was established as a trust by an Agreement and Declaration of Trust between several sponsoring Self-Regulatory Organizations (SROs) at the time:
- The Canadian, Montréal, Toronto, and Vancouver Stock Exchanges, and
- The Investment Dealers Association of Canada (IDA)
The Fund’s purpose was to protect customers who suffered financial loss due to the failure of a Member firm of any one of its SROs.