Gips - Can single composite within the firm CANNOT claim compliance still?

I know gips is dynamic - at some point in the past this is true - single composite by itself cannot claim it.

however, I thought it’s the implementation ability of the strategy free of major constraints that matter.

Pls help?

Nope. The compliance statement is made at the firm level. If a firm only has one single composite, I’d imagine compliance can still only be claimed at the firm level, because the compliance statement goes beyond any single composite (proper procedures are in place and documented for example).

its bound to be a trick question… probably if you are a non compliant firm, selling wrap accounts and have an external manager compliant presentation with the wording that the presentation is for the sponsor and gross of fees… then i can see it being ok…

usual cfa trickery…