GIPS Compliance Reporting Standards

Hard Global Investment Performance Standards Compliance

As an investment manager, you are responsible for reporting your firm's investment performance to prospective clients. In preparing a report that adheres to the Global Investment Performance Standards (GIPS), you learn that your firm has not yet been verified for GIPS compliance, although you aim to comply with the standards moving forward. You plan to include this information in your performance report to ensure transparency and integrity.

Which of the following describes the most appropriate course of action regarding the compliance of your performance report with GIPS?

Include a disclosure stating that the firm claims compliance with GIPS but has not been independently verified.

State that the performance information is GIPS compliant since you intend to comply moving forward.

Clearly disclose that the firm is not verified for GIPS compliance and intends to pursue compliance in the future.

Hint

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% Correct85%