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 March, 2006 - 31 October, 2012Categories: Performance History/Track RecordSource: GIPS Handbook, 2nd Edition
Firm A has been in existence since 1990. Beginning 1 January 2001, what periods of performance must Firm A present to claim compliance with the GIPS standards?
At a minimum, Firm A must show historical performance in compliance with the GIPS standards from 1 January 1996 through 31 December 2000, which represents a five-year compliant performance record. Each year for at least five years thereafter, the firm must continue to add an annual return to its existing composites. A ten-year GIPS-compliant performance record is then available after 31 December 2005.
During this ten-year period, Firm A may create new composites and terminate others. It is possible that these new or terminated composites will not have a ten-year track at 31 December 2005.
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