Current Standards and Guidance
the 2020 GIPS Standards Exposure Draft and related resources.
Firms must comply with all the requirements of the GIPS standards, including any updates to the GIPS standards themselves, Guidance Statements, interpretations, Questions and Answers (Q&As), and clarifications published by CFA Institute and the GIPS Executive Committee, which are available on this website as well as in the GIPS Handbook.
The GIPS standards are voluntary and based on the fundamental principles of full disclosure and fair representation of investment performance results.
GIPS Standards: 2020 Edition
As investor demand drives product innovation, the GIPS standards are evolving to ensure practical, investment industry relevance while maintaining their core purpose: delivering performance transparency and comparability.
The release of the 2020 GIPS Standards Exposure Draft represents an important milestone in the evolution of the Standards — in both the evolution of the GIPS standards and in ensuring their relevance for all asset classes and types of investment.
Review and comment on the 2020 GIPS Standards Exposure Draft
. The public comment period closes 31 December 2018.
GIPS Standards: 2010 Edition
The 2010 edition of the GIPS standards is the latest, most current version of the GIPS standards.
GIPS Handbook: Third Edition
The GIPS Handbook is the aggregation of the 2010 edition of the GIPS standards, related discussion, Guidance Statements, and selected Q&As into a single volume. The GIPS Handbook is updated more frequently than the GIPS standards to reflect new Guidance Statements and Q&As.
Guidance Statements are written in response to questions that raise new issues beyond the scope of the simple application of the GIPS standards. Guidance Statements include authoritative guidance on a particular topic and may contain additional topic specific requirements and/or recommendations. Firms must comply with all Guidance Statements. Current Guidance Statements are the final and latest version of the Guidance Statement.
GIPS Q&A Database
The GIPS Q&A database contains questions and answers on various searchable topics and that provide additional clarity and interpretation on an issue. Q&As are interpretative guidance and must be adhered to just like the provisions, Guidance Statements, and other authoritative documents approved by the GIPS Executive Committee.
Visit the Q&A database
Standards that have been updated but may be applicable for situations within a particular period.
GIPS Standards, GIPS Handbook, and Guidance Statements
These versions of the GIPS standards, GIPS Handbook, and Guidance Statements are no longer current but were effective during a particular period of time and therefore may still be applicable for instances and situations within that period.
View archived versions of the GIPS standards, GIPS Handbook, and Guidance Statements
The foundation for the GIPS standards was first established in 1987, with the creation of the AIMR Performance Presentation Standards (AIMR-PPS®), voluntary performance guidelines for the North American investment management industry. The AIMR-PPS Q&As are Q&As that were included in this document.
View the AIMR-PPS Q&A database