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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ArchivedEffective: 30 September, 2015 - 31 December, 2019Categories: Definition of the Firm, Firm Notification RequirementSource: GIPS Technical Committee
With respect to the requirement that GIPS-compliant firms must notify CFA Institute of their claim of compliance with the GIPS standards, what is the “firm” for purposes of this requirement? Is it the definition of the firm for GIPS compliance purposes or the legal entity of the firm?
The submission should be made on behalf of the definition of the firm used to determine firm-wide compliance with the GIPS standards even when the definition of the firm is different than the legal entity of the firm. If the overall legal entity contains multiple GIPS firms for GIPS compliance purposes, a separate GIPS Compliance Form must be submitted for each defined GIPS firm.