Request to obtain a corporate trustee licence

Checklist

In accordance with Sections 18 to 26 (inclusive) of Directive No. 13R3, Licensing Directive, a request to obtain a corporate trustee licence should entail a written request for pre-approval of the name submitted to the Licensing Section of the OSB.

1. Pre-approval of new corporate trustee name
   1. Current name of corporate trustee licence(s):
   2. Proposed name: which is (reference is made to section 20 of the Directive):
      1. the name of one or more individual trustees;
      2. a name derived from the name of an accounting firm;
      3. a combination of a) and b);
      4. the name of a monitor appointed under CCAA between September 30, 1998 and September 17, 2009.
   3. Requested by:
      1. Name:
      2. Firm:
      3. Telephone/fax numbers:

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2. Once the name has been pre-approved
   1. Fill in Form 3;
   2. Make sure that Articles of Incorporation include the objects of the Corporation (S. 21 of the Licensing Directive) and state how the corporation is a private or close company (S. 23 of the Licensing Directive);
   3. Make sure that the by-laws and the shareholders register do comply with provisions of the Licensing Directive dealing with Directors and Officers (S. 22) and those dealing with shareholders (S. 24 and 25).

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3. If the trustee leaves an established firm
   1. Estate Conciliation – please choose the situation which applies to you:
      1. Transferring files to another trustee within the firm (name of the trustee);
      2. Trustee keeping files (substitution).