Companies considering an enforceable undertaking [EU] can use four templates created by the industry watchdog.
ASIC has released a basic EU template and sample terms for compliance program assessment, compensation and corrective internet advertising.
An EU is a tool used by ASIC for breaches of legislation.
AMP Financial Planning agreed to an EU after being reprimanded by ASIC over problems with disclosure relating to superannuation switching advice.
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Copies of the templates are available from the ASIC website or by calling the ASIC Infoline.
