Notice to Licensed Insolvency Trustees—Directive No. 33, Trustee Designation and Advertising

December 2, 2015

The Office of the Superintendent of Bankruptcy (OSB) has issued Directive No. 33, Trustee Designation and Advertising. The new Directive adopts “Licensed Insolvency Trustee” as the professional designation used by the OSB to identify trustees and requires the use of the professional designation to facilitate the identification of trustees holding a valid licence issued by the Superintendent of Bankruptcy.

Further information is available on the OSB website, including the Superintendent's Cover Letter to Directive No. 33, Trustee Designation and Advertising, Supplementary Information, Implementation Information, a Consent Agreement, and the New Form of Licence.

Please note that action is required of all trustees prior to April 1, 2016.

Questions relating to the Directive should be sent to OSB Regulatory Affairs.