Q & A Database

The GIPS Standards Q&A database contains questions and answers (Q&As) on various searchable topics that provide additional interpretation on an issue. Q&As are considered to be authoritative guidance and must be followed in order to claim compliance with the GIPS standards.

Content from prior Q&As was included in the GIPS Standards Handbook as much as possible and many Q&As were archived. Change the Status drop-down filter to "Archived" to see the archived Q&As.

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Archived

Effective: 18 April, 2018 - 31 December, 2019

Categories: Pooled Funds

Source: GIPS Executive Committee

We decided to early adopt the requirements within the Guidance Statement on Broadly Distributed Pooled Funds. We now understand that this Guidance Statement will be replaced with Broad Distribution Pooled Funds Advertising Guidelines, which will be included in the 2020 edition of the GIPS standards (“GIPS 2020”). The expected effective date of GIPS 2020 is 1 January 2020. Can we continue to follow the requirements within this Guidance Statement until we comply with GIPS 2020?

Yes, you may continue to follow the requirements within the Guidance Statement on Broadly Distributed Pooled Funds until you transition to complying with GIPS 2020. Firms may voluntarily comply with the requirements specified by the Guidance Statement on Broadly Distributed Pooled Funds. Firms that include the required items for a broad distribution pooled fund in that fund’s official pooled fund documents or marketing materials may also include the GIPS Pooled Fund Claim of Compliance. Once GIPS 2020 is effective, firms that choose to voluntarily follow the Broad Distribution Pooled Funds Advertising Guidelines will be required to transition from the Guidance Statement on Broadly Distributed Pooled Funds to the Broad Distribution Pooled Funds Advertising Guidelines.