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.
Copies of the templates are available from the ASIC website or by calling the ASIC Infoline.
