CFA CFA Level 3 GIPS Question

GIPS Question

  • This topic has 3 replies, 2 voices, and was last updated Mar-18 by mattyc.
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    • WesMantooth
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      Hoping to clarify a GIPS requirement, specifically around the 5 year minimum required to be able to claim GIPS compliance. I know it says 5 years minimum or since inception. Does that mean that as a new company if I can show 1-4 years of compliance since inception I am good to go, but as an established company I can’t claim compliance until I’ve got 5 years under my belt of following the guidelines? So new company, first year out of the gate and I’m compliant after year one, but older company I need 5 years…

      Or is it, as a new company I need to report GIPS compliant reports for the first 5 years of life and can’t claim compliance until that fifth year?

    • WesMantooth
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      Bueller…Bueller…

    • mattyc
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      Honestly its a good question but I have no idea.  This would be something to email a Schweser prof. about.

    • mattyc
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      I felt guilty that my “I dont know” post was my 100th comment so I went to the GIPS website and browsed around.  I think their wording means that if inception is longer than 5 years, you can go back to inception but you cannot claim compliance until you have at least 5 years of compliant data.  I would still ask a non-candidate though.

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