‘BUSINESS Building confidence in the securities industry ONE OF the most important keys to the success of the Canadian securities industry is the continuing confidence of the investing public in the safety of their assets while held under the administration of financial institutions. Without this confidence, the securities industry could never have enjoyed the steady growth and strength which it has realized over the past few decades. Much of this confidence has resulted from strict self-regulation within the industry. The self-regulatory organiza- tions, which include the four Ca- nadian stock exchanges and the Investment Dealers Association of Canada, have the responsibility of ensuring. that the member irvest- ment dealers (member firms) operate according to industry reg- ulations including capital and liq- uidity standards. In conjunction - «with provincial securities commissions, national standards for capital adequacy and liquidity ‘in addition to a : number of other stringent Deadline nears in medal design competition | : THE DEADLINE for en- tries. in.-the 1994 Com- monwealth . Medal _ Design “ Competition is less than ~~ three weeks away. ‘+ British - Columbia (B.C.) resi- ‘dents. who are interested in par- ticipating . ia. the competition, sponscred by. Henry Birks & Sons, have. until 5 p.m.,~ Wednesday, Sept. 30 to submit their entry. The contest to design the front - of the 1994 Commonwealth -cnedals "w was announced by Birks By Eric Dibb Contributing Writer measures are constantly reviewed and member firms are scrutinized with respect to these standards. In order to protect Canadian investors from the potential in- solvency of an investment dealer, however walikely, the member firms sponsor the Canadian In- vestor Protection Fund (CIPF). Formerly the National Contin- gency Fund, the CIPF was formed in 1969..‘Fhe fund is a-irust estab- lished specifi cally to pool capital from member firms which is available to cover losses of securities and cash balances that investors may incur as a result of the failure of a member firm. The on Friday, May 15. The winning design will be incorporated on the front of the gold, silver and bronze medais, In addition to the medals ior the competitive events, the design will also be incorporated on the volunteer appreciation and VIP commemorative medals. The candidate -whose design is chosen will receive a framed set of the medals specially cast — one in gold, one in silver, and one in bronze. In addition, two tickets for both the opening and closing moment an investor becomes 2 client of a meniber of aay one of the sclf-regulatory organizations, all of their accounts aze covered by the fund. The CIPF is funded through regular annuai and special period- ic assessments of member firms in addition to a line of credit which is provided by two Canadian chartered banks. The aggregate of all assessments in a calendar year may not exceed 1% of the aggregate gross rove- nues of