Committees

The purpose of the GIPS Standards Technical Committee is to:

• Provide technical oversight of the GIPS standards;
• Guide development and adoption of the GIPS standards;
• Provide representation of key industry stakeholders in the development of the GIPS standards to ensure their interests are represented and considered;
• Jointly approve the GIPS standards technical agenda and jointly approve the issuance of authoritative guidance along with the CFA Institute Managing Director of Global Industry Standards.

The GIPS Standards Technical Committee is composed of the GIPS Standards Executive Director and volunteers that broadly represent stakeholders of the GIPS standards.  Volunteer members serve three-year terms.

The purpose of the GIPS Standards Asset Owner Subcommittee is to:

• Discuss asset owner issues and needs, and provide feedback on proposals affecting asset owners;
• Develop content and draft guidance specific to asset owners;
• Work with Global Industry Standards staff to take proposals from initial drafting, through the review process, to finalized guidance.

The GIPS Standards Asset Owner Subcommittee is composed of volunteers that represent Asset Owners. Volunteer members serve three-year terms.

The purpose of the GIPS Standards Interpretations Subcommittee is to:

• Develop technical guidance, interpretations, clarifications and supporting authoritative guidance;
• Work with Global Industry Standards staff to take proposals from initial drafting, through the review process, to finalized guidance.

The GIPS Standards Interpretations Subcommittee is composed of volunteers that broadly represent stakeholders of the GIPS standards. Volunteer members serve three-year terms.

The purpose of the GIPS Standards Verification Subcommittee is to:

• Discuss verifier and service provider issues and needs, and provide feedback on proposals affecting verifiers and service providers;
• Develop content and draft guidance specific to verifiers and service providers;
• Work with Global Industry Standards staff to take proposals from initial drafting, through the review process, to finalized guidance.

The GIPS Standards Verification Subcommittee is composed of volunteers that represent verifiers and service providers. Volunteer members serve three-year terms.

The United States Investment Performance Committee (USIPC) serves as the official local sponsoring organization (sponsor) for the Global Investment Performance Standards (GIPS®) in the United States. The purpose of the USIPC is to promote the adoption and implementation of the GIPS standards throughout the United States as the common method for calculating and presenting investment performance.

In collaboration with CFA Institute, they:

• Advise on goals, policies, strategies, industry trends, and local market opportunities related to the GIPS standards;
• Engage stakeholders and drive promotion and adoption of the GIPS standards and global industry standards in the United States market; and
• Engage with regulators.

US country-specific guidance for calculating after-tax performance is now separate from the GIPS standards. Learn more about after-tax performance calculation and presentation in the United States.

Committee members serve a one-year term, renewable for three consecutive years.

The purpose of the GIPS Standards for FMPs Technical Committee is to:

• Provide technical oversight of the GIPS Standards for Fiduciary Management Providers to UK Pension Schemes (the GIPS Standards for FMPs);
• Guide development and adoption of the GIPS Standards for FMPs;
• Provide representation of key industry stakeholders in the development of the GIPS standards for FMPs to ensure their interests are represented and considered;
• Jointly approve the GIPS Standards for FMPs technical agenda and jointly approve the issuance of authoritative guidance specific to the GIPS Standards for FMPs, along with the the CFA Institute Managing Director of Global Industry Standards.

The GIPS Standards for FMPs Technical Committee is composed of the GIPS Standards Executive Director and volunteers that broadly represent stakeholders of the GIPS Standards for FMPs. Volunteer members serve three-year terms.

The purpose of the GIPS Standards OCIO Working Group was to:

• Provide input into the GIPS Standards guidance for OCIOs being developed by CFA Institute;
• Help identify the requirements within the GIPS Standards for Firms that are challenging to apply to the OCIO business;
• Assist with the creation of a Consultation Paper.

The GIPS Standards OCIO Working Group was composed of volunteers that represent OCIOs. Volunteer members served one year which began 1 September 2022.