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 January, 2006 - 31 October, 2012Categories: Effective Dates, Wrap Fee PortfoliosSource: Guidance Statement for Wrap Fee/SMA Portfolios
Our firm currently manages wrap fee/SMA accounts. We will not be able to comply with the GIPS standards for SMA portfolios as of 1 January 2006. We believe we will be able to comply with GIPS for our SMA portfolios as of 1 January 2008. Can we begin to claim compliance with GIPS for our SMA portfolios as of 1 January 2008?
Firms that manage SMA portfolios and wish to claim compliance with the GIPS standards must comply with the GIPS standards as of 1 January 2006, at a minimum. If the investment management firm is not able to claim compliance as of this date, they must wait until they have a minimum 5-year track record which complies with the GIPS requirements before claiming compliance.
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