Extension of Deadline for Submissions on Modernizing Physical Office Requirements for LITs

The Office of the Superintendent of Bankruptcy (OSB) is extending the deadline to submit comments on the consultation regarding the modernization of physical office requirements for Licensed Insolvency Trustees (LITs) to .

The OSB is seeking input from stakeholders on two potential physical office requirement models for LITs: Model (1) one office per province in which the LIT is licensed to serve that entire province, and model (2) a single resident office to serve the entire nation.

Feedback on the preferred model will be critical in determining how the OSB can best continue to promote an environment where LITs provide high quality services while adapting to modern practices. Details and requirements relating to each of these models, as well as background information and questions to guide your comments can be found on the OSB website.

Please provide your submission, identifying the preferred model and any additional feedback you wish to provide to osbregulatoryaffairs-affairesreglementairesbsf@ised-isde.gc.ca.