CCO Resource Center: Opting Out of a Class Action
Chief Compliance Officer Committee
Opting Out of a Class Action
During a meeting of ICI’s CCO Committee, a member mentioned it had adopted a policy that would govern the process to follow when the fund was asked to opt out of a class action. Other members were interested in seeing this policy so we obtained a copy from the member. To the extent other members adopt similar policies and share them with us, we’ll add those to the current policy that we have.
The documentation provided by ICI that may be accessed by committee and task force members is restricted to members use only and not for distribution or reproduction. Documentation may be used internally at member organizations as needed to facilitate committee and task force initiatives.