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 - 30 November, 2013Categories: Changes to the Standards: 2006 GIPSSource: Investment Performance Council (IPC)
What information must we include in our GIPS-compliance policies and procedures?firm must document all the policies and procedures it follows for meeting the requirements of the GIPS standards. Items that should be considered include, but are not limited to:
- criteria used to define the firm
- criteria for defining discretion
- valuation policies
- calculation methodologies
- how the firm handles large cash flows
- how it handles new and terminated portfolios
- policies for using a minimum portfolio size