AFM121 Chapter Notes - Chapter 3: Financial Institution, Underwriting
16 Jun 2018
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Chapter 3
The Office of the Superintendent of Financial Institutions (OSFI): Regulates
banks, insurance, trust, loans, pensions plans, and operative credit associations.
Canada Deposit Insurance Company: A federal Crown corporation that insures
eligible deposits up to $100,000 per depositor in each financial institution.
IIROC: An SRO that oversees all investment dealers and trading activity in
Canadian debt and equity markets.
Mutual Fund Dealers Association (MFDA): An SRO for mutual funds, it ensures up
to $100,000 per eligible account.
MFDA Investor Protection Corporation (MFDA IPC): Provides coverage for losses
up to $1 million related to losses due to insolvency of one of its members.
Canadian Investor Protection Fund (CIPF): A fund designed to protect investors
from a loss due to insolvency of an SRO. The role of the CIPF is to anticipate and
solve financial difficulties of member firms in order to minimize risk of insolvency,
and to attempt to bring about an orderly wind down of business.
Ombudsman for Banking Services and Investments (OBSI): Investigates
complaints against financial service providers.
Canadian Securities Administers (CSA): Issues a number of national policies that
are designed to promote consistency in the regulatory securities environment
across Canada.
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Document Summary
The office of the superintendent of financial institutions (osfi): regulates banks, insurance, trust, loans, pensions plans, and operative credit associations. Canada deposit insurance company: a federal crown corporation that insures eligible deposits up to ,000 per depositor in each financial institution. Iiroc: an sro that oversees all investment dealers and trading activity in. Mutual fund dealers association (mfda): an sro for mutual funds, it ensures up to ,000 per eligible account. Mfda investor protection corporation (mfda ipc): provides coverage for losses up to million related to losses due to insolvency of one of its members. Canadian investor protection fund (cipf): a fund designed to protect investors from a loss due to insolvency of an sro. The role of the cipf is to anticipate and solve financial difficulties of member firms in order to minimize risk of insolvency, and to attempt to bring about an orderly wind down of business.
