Good morning all,
I know this question has been asked several time but I am still a bit confused about the number of years that a company has to report Complimt performance in order to be GIPS Compliant.
my understanding was that it was 5years (except if the composite has been in existence for less than 5 years) and then adding a year every year to reach 10 years and keep 10 years of performances onwards.
the problem is the following practice problem:
”What is the minimum period of compliant performance that a 12-year-old firm must present to comply with the GIPS Standards: A-5 / B-10 / C-12”
i would have said A : 5 years but the correct answer is 10 years. Could someone clarify this answer for me? I thought 5 was the minimum when you claim compliance for the first time.
thanks in advance for your help!
Study together. Pass together.
Join the world's largest online community of CFA, CAIA and FRM candidates.