Yes, this is the last line of GIPS (part of the full list of composite descriptions, I think). No implication that I’ve read this sh*t cover to cover, not worth it…I would suggest CFAI gift or sell a fine print GIPS to every exam taker on the exam day. The worst case scenario: no GIPS questions this year.
Last year I knew GIPS stone cold, like better than any other section. I don’t know why but I just knew it. True story: I bet a buddy here at work who was taking L3 as well that I could name 80% of the GIPS required disclosure (there is like 26 or so, so 21 total) … I named 22.
They didn’t have a single GIPS question.