The Australian Prudential Regulation Authority (APRA) has accepted enforceable undertakings from five former Trio Capital Limited (Trio) directors, bringing the total to 11 former Trio directors who have each provided an enforceable undertaking. The undertakings follow on from acknowledgements by the former Trio directors that they failed to carry out their duties properly as directors of a superannuation trustee, including failure to adequately conduct due diligence in the appointments of related-party investment managers and placing substantial sums for investment with the investment managers. As consequence, the former Trio directors are disallowed from acting as trustees or responsible officers of a body corporate that is a trustee, investment manager or custodian of an APRA regulated-superannuation entity.