Notice

 MFDA Investor Protection Corporation

Notice of Approval

On May 12, 2005, the Commission made General Ruling Order 11-905 approving the MFDA Investor Protection Corporation (MFDA IPC) as a compensation fund, pursuant to section 23 of The Securities Regulations.   The MFDA IPC will provide 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. 

Alberta, British Columbia, Nova Scotia and Ontario have also approved the MFDA IPC as a compensation fund.   

The Commission published the MFDA IPC’s revised application for approval as a compensation fund on February 25, 2005.    Fourteen commenters responded to the request for comments.  The MFDA IPC’s summary of comments and responses outlines the comments received to 14 commenters and responds to those comments.   

May 20, 2005

Contact:

Barbara Shourounis
Director
Securities Division
Saskatchewan Financial Services Commission
(306) 787-5842
bshourounis@sfsc.gov.sk.ca