TRAC Statement Regarding Bank Access
Friday February 28, 2020
To our members;
On August 28 2019, the TRAC executive shared a statement regarding TRAC’s information with the Registaire des Entreprise (REQ) We are pleased that we are now able to share an update on this situation.
On August 8 2019, an unauthorised declaration was submitted to the REQ that changed the list of TRAC administrators registered with the REQ. This declaration removed elected TRAC officials and replaced them with individuals who were not TRAC administrators and incorrectly stated that these individuals were administrators of TRAC.
The REQ list of administrators is important as it is what institutions use to verify who can act on behalf of TRAC. For example, when changes are made to TRAC’s bank account, the bank will check that the individuals communicating with the bank are administrators of TRAC and are listed on the REQ. With the list of administrators altered, TRAC’s bank accounts were frozen as the bank could not verify who was legally able to represent TRAC.
On October 3 2019, TRAC and the Public Service Alliance of Canada filed an administrative recourse with the REQ to remove this incorrect declaration. On February 5 2020, the REQ made a legal decision that the August 8th 2019 declaration was made without authorisation. Subsequently, the REQ information has been updated to reflect elected TRAC Executives. This means that TRAC is finally now in the process of regaining access to its bank accounts.
We apologise deeply to all members inconvenienced these past months by TRAC’s exceptional banking situation, and we thank them for their patience.
The TRAC Executive