February 3, 2016
This is a reminder that the Office of the Superintendent of Bankruptcy’s Trustee Designation and Advertising Directive will come into force April 1, 2016.
A key requirement of the Directive is that, prior to April 1, 2016, trustees sign and submit a consent agreement with the Superintendent of Bankruptcy in order to begin using the designation ‘Licensed Insolvency Trustee’. Publication of the ‘Licensed Insolvency Trustee’ designation as an Official Mark of the Superintendent of Bankruptcy occurred February 3, 2016.
If you have yet to adopt the designation, you can obtain more information about Directive No. 33 and how to comply on the OSB website.