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: 1 January, 2014 - 31 December, 2019Categories: Client ReportingSource: GIPS Executive Committee
If the firm is presenting a strategy to an existing client that is different from the one they already invest in, must the firm treat the existing client as a prospective client and provide the appropriate compliant presentation that represents the different strategy?
Yes. The existing client must be treated as a prospective client of the different strategy. Therefore, the firm must make every reasonable effort to provide a compliant presentation to the existing client for the different strategy.
As long as a prospective client has received a compliant presentation within the previous 12 months, the firm has met this requirement.
Please also see original Q&A