If I understand correctly, there are 2 compliance statements under GIPS. There’s the reporting one: “Firm X has prepared and presented this report in compliance with the Glabal Investment Performance Standards (GIPS)” There’s the advertising one: “Firm X claims compliance with the Global Investment Performance Standards (GIPS)” Are both statements required?
good question…i noticed that when i was reading that part. The info you need is in CFAI Book 6 page 335 par1(assuming u r using schweser or stalla) Shortly the answer is yes depending on what you do (advertising or performance reporting) and quoting from the text: “…All advertisements that include a claim of compliance with the GIPS Advertising Guidelines MUST include the following: 1. A description of the FIRM. 2. How an interested party can obtain a presentation that complies with the REQUIREMENTS of GIPS standards and/or a list and description of all FIRM COMPOSITES. 3. The GIPS Advertising Guidelines compliance statement: [Insert name of firm] claims compliance with the Global Investment Performance Standards (GIPS®)…” hope that helps and gl