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.
The GIPS Standards Helpdesk is available for individual questions and typically responds to inquiries within 3 business days.
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ArchivedEffective: 1 March, 2006 - 30 November, 2013Categories: Changes to the Standards: 2006 GIPS, List of Composite DescriptionsSource: GIPS Handbook, 2nd Edition
Our firm has five terminated composites on our list and description of composites. GIPS provision 0.A.13 requires the firm to provide a compliant presentation for any composite on the list, upon request. Does that include terminated composites?
Yes. If requested, a firm must provide a compliant presentation for a terminated composite on the list. Once objective of the GIPS standards is to ensure the fair representation of a firm’s investment performance track record. This includes not only currently managed strategies but also those that the firm previously maintained for at least the past five years.