The Office of Superintendent of Bankruptcy is revoking paragraph 20 of Directive No. 32, Trustee Electronic Recordkeeping, issued in 2013, which requires trustees to keep, regardless of digitization, “the original signed copies of any minutes, proceedings had or resolutions passed at any meeting of creditors or inspectors until the appropriate retention period has expired pursuant to Rule 68(1).”
In June 2019 the Budget Implementation Act, 2019, No. 1, amended subsection 26(1) of the Bankruptcy and Insolvency Act (BIA) to remove the word “original” in support of modern, electronic record keeping practices.
Trustees may now maintain all records in electronic format in accordance with Directive No. 32R, Trustee Electronic Recordkeeping.
If you require further information, please do not hesitate to contact the OSB at email@example.com.