Scotia Capital Inc. has committed to provide the Canadian Foundation for Advancement of Investor Rights (FAIR Canada) with a $300,000 donation payable over the next three years, the investor advocacy group has announced.

The donation “is being made entirely on an arms’ length basis and without conditions,” FAIR Canada says in a statement.

The group, which advocates for retail investor interests, was originally financed by the Investment Industry Regulatory Organization of Canada (IIROC), and later received funding from the Ontario Securities Commission (OSC). In 2014, it launched a campaign to secure sustainable funding for the organization, which was led by a $2 million endowment from the Jarislowsky Foundation.

See: OSC donates $2.5 million to FAIR Canada

See: FAIR Canada launches fundraising campaign

“With this generous donation, Scotia Capital Inc. has expressed strong support for a principled approach to policy development through constructive input from all sides,” FAIR Canada says in announcing the deal.

“We believe this approach leads to better policy outcomes, benefitting both the investor community and the investment industry.”