GIPS Standards and Guidance

Current Standards and Guidance

Firms must comply with all the requirements of the GIPS standards, including any updates to the GIPS standards themselves, Guidance Statements, interpretations, Questions and Answers (Q&As), and clarifications published by CFA Institute and the GIPS Executive Committee, which are available on this website as well as in the GIPS Handbook.

GIPS Standards: 2010 Edition

The GIPS standards are voluntary and based on the fundamental principles of full disclosure and fair representation of investment performance results.

GIPS Handbook: Third Edition

The GIPS Handbook is the aggregation of the 2010 edition of the GIPS standards, related discussion, Guidance Statements, and selected Q&As into a single volume. The GIPS Handbook is updated more frequently than the GIPS standards to reflect new Guidance Statements and Q&As.

Guidance Statements

Guidance Statements are written in response to questions that raise new issues beyond the scope of the simple application of the GIPS standards. Guidance Statements include authoritative guidance on a particular topic and may contain additional topic specific requirements and/or recommendations. Firms must comply with all Guidance Statements. Current Guidance Statements are the final and latest version of the Guidance Statement.

GIPS Q&A Database

The GIPS Q&A database contains questions and answers on various searchable topics and that provide additional clarity and interpretation on an issue. Q&As are interpretative guidance and must be adhered to just like the provisions, Guidance Statements, and other authoritative documents approved by the GIPS Executive Committee.

Visit the Q&A database

Archived Standards

Standards that have been updated but may be applicable for situations within a particular period.

GIPS Standards and Guidance Statements

These versions of the GIPS standards and Guidance Statements are no longer current but were effective during a particular period of time and therefore may still be applicable for instances and situations within that period.

View archived versions of the GIPS standards and Guidance Statements

AIMR-PPS Q&A

The foundation for the GIPS standards was first established in 1987, with the creation of the AIMR Performance Presentation Standards (AIMR-PPSĀ®), voluntary performance guidelines for the North American investment management industry. The AIMR-PPS Q&As are Q&As that were included in this document.

View the AIMR-PPS Q&A database