Inspectors' Handbook — Appendix B

Mandate and Mission of the Office of the Superintendent of Bankruptcy

The Superintendent of Bankruptcy is mandated to "supervise the administration of all estates and matters under insolvency legislation."

To fulfill its legislative mandate, the Office of the Superintendent of Bankruptcy (OSB) has undertaken the mission "to contribute to a fair and efficient marketplace by protecting the integrity of the Bankruptcy and Insolvency system for the benefit of investors, lenders, consumers and public interest."

The OSB intends to achieve this mission by concentrating its efforts on the following four strategic objectives:

  1. maintain an efficient and effective regulatory framework;
  2. promote awareness of the rights and responsibilities of the stakeholders in the insolvency system;
  3. ensure trustee and debtor compliance with the legislative and regulatory framework; and
  4. be an integral source of information on Canadian insolvency matters.