Series 7: 12.1.5.1 Agreement Among Underwriters

Taken from our Series 7 Top-off Online Guide

12.1.5.1  Agreement Among Underwriters

The Agreement Among Underwriters (AAU) is an agreement among all underwriters in the syndicate. This agreement is also called the syndicate agreement.

The AAU includes the:

  • Duties and rights of each member of the syndicate
  • Allocation of shares and the liability of eac

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