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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Effective

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1 Result

Archived

Effective: 1 June, 2005 - 30 November, 2013

Categories: Changes to the Standards: 2006 GIPS

Source: Investment Performance Council (IPC)

Please elaborate on the provision requiring firms to provide ‘prospective clients’ with a GIPS standards compliant presentation. Can we choose which potential clients to provide a compliant presentation?

Once a firm claims compliance with the GIPS standards, it must present all potential clients with a presentation that complies with all the requirements of the Standards. This does not preclude the firm from showing additional and/or supplemental information to help the prospective client interpret the performance information. However, the firm may not pick and choose when to market their claim of compliance. Instead, this requirement ensures that once a firm represents to the investing public that it complies with the GIPS standards, it shows all prospective clients a compliant presentation.

Please also see updated Q&A