The GIPS Standards and Interpretations

Important Notice:
The GIPS standards must be applied with the goal of full disclosure and fair representation of investment performance. Meeting that goal will likely require more than compliance with the minimum requirements of the GIPS standards.

Minimum Requirements
Compliance requires adherence to all applicable requirements of the GIPS standards, including any clarifications, updates, reports, guidance statements, questions and answers (Q&As), and the handbook.

Firms are also encouraged to comply with all recommendations within the Standards.

New Requirement
On 25 September 2014, the GIPS Executive Committee approved a new requirement for firms that claim compliance with the GIPS standards to notify CFA Institute of such claims on an annual basis. The committee reviewed feedback received from the industry in a 90-day public comment period earlier in 2014 and based on that feedback, the online form for collecting information will be self-explanatory and will include firm name, contact information, and verification status as required fields. Other information will be requested in the form but will remain optional. Firms will also be able to opt out of listing their name on the GIPS standards website.

The requirement will be effective 1 January 2015 with a deadline for firms to complete the notification by 30 June annually using data as of prior year-end.  Stay tuned for the final form release.

For more information and to view the exposure draft that was posted during the public comment period please visit the Proposed Requirements webpage.

View the essential materials now: