Review of the Trustee Licensing Regulatory Framework
Consultation Paper

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Table of Contents

Introduction

Part One: Licensing Process

• Issue 1: Harmonization of the Directive on Trustee Licensing (Directive No. 13R2) with the Memorandum of Understanding between the Superintendent of Bankruptcy and the Canadian Association of Insolvency and Restructuring Professionals (CAIRP)
• Issue 2: Dual Licensing, Specialized Licences and Administrators of Consumer Proposals
• Issue 3: Probationary Conditions for Newly Licensed Trustees
• Issue 4: Reactivation of the Licence in the Event of the Trustee's Bankruptcy

Part Two: Administrative Practices

• Issue 5: Corporate Names
• Issue 6: Closed Company (or Private Company) and Share Ownership

Part Three: Fiduciary Duties of Trustees

• Issue 7: Licensing Fees
• Issue 8: Succession Agreements
• Issue 9: Annual Licensing Report

Annexes

• Annex A
  Harmonization of the Directive on Trustee Licensing (Directive No. 13R2) with the Memorandum of Understanding between the Superintendent of Bankruptcy and the Canadian Association of Insolvency and Restructuring Professionals
• Annex B
  Criteria to Obtain a Trustee Licence (Paragraphs 5 to 13 of the Directive on Trustee Licensing)
• Annex C
  Process Regarding Issuance of an Individual Trustee Licence (Paragraphs 1 to 14 of Appendix A of the Directive on Trustee Licensing)
• Annex D
  Dual Licensing, Specialized Licences and Administrators of Consumer Proposals
• Annex E
  Report of the Subcommittee of Canadian Insolvency Practitioners Association on Dual Licensing, June 1994
• Annex F
  Probationary Conditions
• Annex G
  Insolvency of a Trustee
• Annex H
  Corporate Names
• Annex I
  Closed Company (or Private Company) and Share Ownership
• Annex J
  Licensing Fees
• Annex K
  Succession Agreements
• Annex L
  Annual Licensing Fees