On January 1, an amended Memorandum of Understanding among the Canadian Securities Administrators (CSA) came into effect concerning oversight of the Canadian Investor Protection Fund (CIPF). The amended MOU is intended to "streamline and harmonize" oversight of the CIPF to provide a more consistent approach with current practices and the way other entities subject to CSA oversight are supervised.
Meanwhile, an amended Memorandum of Understanding has also come into effect in regards to the oversight of the MFDA Investor Protection Corporation (MFDA IPC). This amended MOU, made among securities regulators in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island and Saskatchewan, is also intended to streamline the oversight approach towards the MFDA IPC and make it more consistent with current practices and the oversight approach in respect of other entities overseen by the CSA.
Both MOUs came into effect on January 1, 2021.
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