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 November, 2012 - 31 December, 2019

Categories: Recordkeeping

Source: GIPS Handbook, 3rd Edition

Are recordkeeping requirements different for compliant and non-compliant performance within a compliant presentation?

No. Firms must capture and maintain all data and information necessary to support both non-compliant and compliant performance presented in compliant presentations. For periods prior to 1 January 2000 (or for periods prior to 1 January 2006 for Real Estate, Private Equity and Wrap Fee/SMA assets), a firm may present non-compliant performance in a compliant presentation, provided the firm has the necessary supporting documentation and discloses the periods of non-compliance.

Please also see original Q&A