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CANADIAN INVESTOR PROTECTION FUND (CIPF)

AMENDMENTS TO CIPF BY-LAW NO. 1

NOTICE OF COMMISSION APPROVAL



The Ontario Securities Commission (the Commission) approved various amendments to CIPF By-Law No. 1 on January 24, 2014. CIPF makes these amendments in order to conform to the requirements under the new Canada Not-for-Profit Corporations Act (NFP Act). Whereas CIPF was originally incorporated under Part II of the Canada Corporations Act, on October 17, 2011 the NFP Act, together with its regulations, came into force and replaced Part II of the Canada Corporations Act. A requirement that CIPF continue under the new NFP Act by October 17, 2014 necessitated the amendments to its By-Law No. 1. The amendments do not materially change or impact the substantive terms of By-Law No. 1.

Securities regulators in all other Canadian jurisdictions have also approved or non-objected to the amendments.