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 - 31 December, 2013

Categories: Client Updates

Source: Investment Performance Council (IPC)

We provide a compliant presentation to all prospective clients when we first meet with them. However, we often are in discussions with large prospective clients for many months, if not years. We send them updated composite information quarterly. Must the quarterly updates include all required disclosures?

No. Provided the firm has given a compliant presentation to a prospective client within the past 12 months, the firm may present additional information that does not meet the requirements of the GIPS standards. A reference should be made that a composite presentation in compliance with the GIPS standards is available upon request. If the prospective client is receiving investment results for the first time, the performance must meet the requirements of the Standards.

Please also see updated Q&A