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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Effective

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1 Result

Archived

Effective: 1 March, 2006 - 31 December, 2019

Categories: Fundamentals of Compliance

Source: GIPS Handbook, 2nd Edition

ABC Global Asset Management has offices in the United States, the United Kingdom, and Japan. Because of different record-keeping policies, the U.S. firm was able to claim compliance with the GIPS standards in 1996, the U.K. firm was able to claim compliance with the GIPS standards in 1999, and the Japanese firm was able to claim compliance with the GIPS standards in 2002. The entire parent organization now wants to redefine the firm globally (ABC Global Asset Management) to claim compliance with the GIPS standards and re-state five years of combined history. How should they do this?

ABC Global Asset Management would define a new firm for purposes of the GIPS standards that would include all of its global offices. Considering all of its various strategies, the newly defined global firm will then combine portfolios into composites on a global scale, rather than according to the previously defined composites based on geographic office.