Slides Framework

    L’AUTORITÉ DES MARCHÉS FINANCIERS - Financial services compensation fund
    The AMF administers the Fonds d’indemnisation des services financiers (“financial services compensation fund”). The fund may compensate victims of fraud, fraudulent tactics (dishonest practices) and embezzlement who conduct business with individuals and companies authorized to operate under An Act respecting the distribution of financial products and service.
    The fund is financed through compulsory annual contributions paid by firms and representatives registered with the AMF.
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    This protection applies to clients whose advisor is registered with PEAK Securities.
    The CIPF mission is to contribute to the security and confidence of customers of IIROC Dealer Members by maintaining adequate sources of funds to return assets to eligible customers in cases where a Member becomes insolvent. CIPF Members are Dealer Members of the Investment Industry Regulatory Organization of Canada (IIROC).
    In the unlikely event that the Member you are dealing with becomes insolvent, CIPF will ensure the securities, cash and other property that are held in your account are returned to you in accordance with their coverage policy.
    A limit has been placed by CIPF on the coverage provided for a customer’s General Account, and each Separate Account after combination with other Separate Accounts, equal to $1 million for losses of securities, commodity and futures contracts, segregated insurance funds and cash.
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    This protection applies to clients whose mortgage broker is registered with the Mortgage Planner Agency.
    The Fund, which is managed by the Organisme d’autoréglementation du courtage immobilier du Québec, is responsible for compensating victims of fraud, fraudulent tactics or misappropriation of funds for which a real estate or mortgage agency or broker is responsible.
    It is funded in part by contributions paid by all real estate and mortgage agencies and brokers in Québec.
    Decisions regarding claim admissibility and the amount of compensation to be paid, in accordance with the rules set out in the Organization’s regulations, are entrusted to an indemnity committee under the Real Estate Brokerage Act.
    Victims of fraud, fraudulent tactics or misappropriation of funds have access to the fund free of charge.
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