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: 1 February, 2013 - 31 December, 2019

Categories: Fundamentals of Compliance

Source: GIPS Executive Committee

There are often times when clients that are invested in one strategy of our firm will become interested in one of our other investment strategies. Are the existing clients now considered prospective clients with respect to these other investment strategies in which they have expressed interest?

Existing clients are considered prospective clients for any strategy that is different from their current investment mandate, if the existing client has expressed interest in the composite strategy and the existing client qualifies to invest in the composite. As such, the existing clients must be given the appropriate composite’s compliant presentation. This will help ensure that they have the information necessary to evaluate the new investment strategy and make an informed decision.