GIPS® Standards for Firms

Firms comply with the GIPS® standards to fulfill their ethical duty to fully disclose and fairly present performance, advance fair competitive practices within the industry, and respond to the demands of prospective clients and investors.

2020 GIPS Standards for Firms (PDF)

2020 GIPS Standards for Firms- Errata July 2020 (PDF)

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Translated versions of the 2020 GIPS Standards for Firms:

GIPS Standards Handbook for Firms

The GIPS Standards Handbook for Firms includes an explanation of each provision contained in the GIPS Standards for Firms. Following each provision is a discussion that provides interpretive, authoritative guidance to help readers understand the provision.

2020 GIPS Standards Handbook for Firms (searchable, shareable html)

2020 GIPS Standards Handbook for Firms (PDF)

GIPS Standards Handbook for Firms – Errata September 2020 (PDF)

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Guidance Statements

Guidance Statements include authoritative guidance on a particular topic and may contain additional topic-specific requirements and recommendations. Firms must comply with all Guidance Statements.

Guidance Statement on Benchmarks for Firms

Exposure Draft / Comment Letters / Adopting Release

Guidance Statement on Verifier Independence

Exposure Draft / Comment Letters / Adopting Release

Guidance Statement on Alternative Investment Strategies*

Guidance Statement on the Treatment of Carve Outs*

Guidance Statement on Performance Record Portability*

Guidance Statement on the Use of Supplemental Information*

Guidance Statement on Wrap Fee/Separately Managed Accounts (SMA) Portfolios*

  • Guidance Statements with an * are based on the 2010 edition of the GIPS standards and are in the process of being updated for the 2020 edition.
  • See the Work in Process webpage for Guidance Statements that have been issued for public comments but have not been finalized.
  • Prior versions of Guidance Statements are available on the Archive webpage.

Q&A Database

The GIPS Standards Q&A database contains questions and answers on searchable topics to provide clarity on a specific issue.  Q&As are authoritative guidance.

Q&A database

Tools

You can find documents that were created to help firms understand and implement the 2020 GIPS Standards on the Tools webpage.