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 June, 2005 - 31 December, 2013Categories: Changes to the Standards: 2006 GIPSSource: Investment Performance Council (IPC)
We have claimed compliance with the UK Investment Performance Standard and have a 7 year compliant track record. We intend to comply with the revised version of the GIPS standards as of 1 January 2006. Because the GIPS standards require an initial 5 year compliant track record, we plan to present only 5 years of history initially and claim compliance with the GIPS standards. May we do so?No. A firm that previously complied with a CVG is not permitted to eliminate previously reported CVG-compliant periods. Since the GIPS standards require firms to show five years of compliant track record building to ten years, the firm that previously complied with a CVG must continue to show their historical performance, building up to ten years, or since composite inception. In this specific example, the firm with 7 years compliant history must present all 7 years track history.