Formed in 2012, the Coalition of Collective Investment Trusts (CCIT) is a group of fund sponsors and money managers active in the collective investment trust industry. With approximately 40 member companies, the Coalition collectively represents a sizeable presence in the industry.
The primary goals of the group are:
to serve as a forum for discussing and developing best practices for legal and operational issues relating to collective trust funds;
to provide regular updates with respect to legal and regulatory matters affecting collective trust funds and
where desired by the members, to express opinions (e.g., by filing comment letters) on matters of interest to collective fund sponsors.
The CCIT holds standing quarterly Marketplace Briefing Calls as well as quarterly Regulatory Briefing Calls. It also has special calls, as events warrant. The CCIT maintains a Regulatory Tracker Chart, which provides updates to Coalition members about relevant regulatory developments. Members are also involved in the CCIT’s various working groups.
The CCIT holds an annual in-person meeting, which supplements the group’s standing quarterly marketplace and regulatory briefing calls, and allows business and legal personnel from member companies to network, discuss common issues and benchmark best practices and features various panel presentations. Coalition members also have access to webinars on various issues of interest to participants in the collective investment trust industry.
Member firms are welcome to have as many legal, compliance and business representatives as desired participate.
Sutherland Asbill & Brennan LLP serves as counsel to the CCIT and actively reports to Coalition members regarding relevant regulatory (including OCC, DOL, and SEC) developments of interest to the members. As an adjunct to its activities, the CCIT also provides an opportunity for members to identify and comment on regulatory proposals impacting collective investment trusts. For further information please contact Clifford Kirsch at 1.212.389.5052 or Mark Smith at 1.202.383.0221.