Canada:
Changes Contemplated to MFDA Investor Protection Corp Fund
08 November 2010
Stikeman Elliott LLP
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As we discussed in
our post of June 24, the MFDA requested
comments this past summer on a proposal to increase the size of the
MFDA Investor Protection
Corporation (IPC) fund to $50 million. The MFDA,
which accepted comments on the proposal until September 1, has now
agreed to increase the size of the fund. The time frame for raising
the additional $20 million, however, will be extended to seven
years rather than the originally-contemplated five years.
For more information, and for a description of next steps, see
MFDA Bulletin
#0452-M.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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