Newsletter Archive: November 2008
GIPS Newsletter
GIPS Standards Conference and Workshop
The
European GIPS Standards Conference is scheduled for 11-12
February 2009 in London. With the pending release of the draft version of
the next GIPS standards for public comment in early January 2009, an
important part of the conference will be discussing the implications of
these proposed changes for firms, regulators, and the investment
community at large.
Other critical topics include issues surrounding measuring alternative investments — such as hedge funds, the current regulatory environment, error correction, and the new requirements that come into effect in 2010.
Space is limited, so register early.
There is still space available at the upcoming GIPS standards interactive workshop on 4 December 2008 in Toronto, 5 February 2009 in New York, and 10 February 2009 in London. The workshop will help participants master the requirements of the GIPS standards, including composite construction, performance calculation, and creating a compliant presentation. For complete details, please visit our website.
Key Issues from Boston
After the GIPS Executive Committee (EC) met in Boston in September 2008, there has been much progress in the key issues being considered for the next version of the GIPS standards.
View the highlights of certain changes that will be reflected in the GIPS standards Exposure Draft. These comments are provided to give the industry insight into the potential changes that are being considered. These comments do not constitute official guidance or interpretation of the GIPS standards and are subject to change.
New Draft in January
The GIPS standards are undergoing a comprehensive review for the release of a revised version effective 1 January 2011. The complete draft of all provisions will be issued in January 2009 for public comment. The EC encourages you to provide comment on the proposed changes during the public comment period. Comments will be considered for incorporation in the revised GIPS standards to be released in early 2010.
Why GIPS compliance matters for Investors
A new informational factsheet (PDF) is available that outlines how GIPS Compliance is beneficial for Investors.
Next Executive Committee Chair Elected
The nine-member GIPS Executive Committee, the decision-making body for the Global Investment Performance Standards (GIPS), has elected Dr. Stefan J. Illmer, head of client reporting for Credit Suisse in Switzerland as the next chairperson of the Executive Committee, succeeding Sunette Mulder.
Dr. Illmer will be taking over as chairperson in 1 September 2009. This will be his second term after having served earlier from 1 January 2007 to 30 August 2008.
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