AST and TSX Trusts to Amalgamate
Canada Gazette, Part I, Volume 154, Number 50: MISCELLANEOUS NOTICES
AST Trust Company (Canada) and TSX Trust Company intend to apply on or after 2020-12-28 to amalgamate and continue as AST Trust Company (Canada), then seek amended letters patent to rename the merged firm to TSX Trust Company. The combined company's head office is planned for Toronto; customers, employees, suppliers and business partners may need to update contacts or agreements if the amalgamation is approved.
- Published
- December 12, 2020
- Department
- Unavailable
- Section
- AST TRUST COMPANY (CANADA) TSX TRUST COMPANY
- Comment deadline
- Unavailable
- Effective date
- Unavailable
- Publication part
- Part I
Summary
Summary#
AST Trust Company (Canada) and TSX Trust Company say they plan to combine into one trust company. They intend to apply on or after December 28, 2020 to amalgamate, then seek to change the merged company's name to TSX Trust Company; the new head office would be in Toronto. The application is being made under section 233 of the Trust and Loan Companies Act.
What it does#
- The two companies will make a joint application for letters patent of amalgamation, so they continue as one company under the name AST Trust Company (Canada) (English) / Société de fiducie AST (Canada) (French).
- After the amalgamation, the combined company will apply for amended letters patent to change its legal name to TSX Trust Company (English) / Compagnie Trust TSX (French).
- The planned head office for the amalgamated company is in Toronto, Ontario.
- This notice states the companies’ intention and the date they expect to apply; it does not mean the change is final or approved.
Who's affected#
- Customers and clients of AST Trust Company (Canada) and TSX Trust Company, including firms that use their trust or shareholder services, could notice the change.
- Employees, suppliers, and business partners of either company may be affected by the consolidation.
- Regulators and anyone tracking corporate filings or trusteeship arrangements will be interested.
- If it’s unclear who will be affected in specific ways, that is because the notice only announces the intent to apply; details would come later if the amalgamation is approved.
Why it matters#
- Combining the two firms could mean a single provider and brand for trust-related services. That can affect who you contact, where records are kept, and how services are delivered.
- For companies that work with either trust company (for trustee, transfer agent, or related services), the change might require updates to agreements or points of contact.
- The change still needs approval, so there is no immediate legal effect until the applications are processed.
Key topics
Source: Canada Gazette