GIPS Compliance Requirements

Very Easy Global Investment Performance Standards Compliance

Global Investment Performance Standards (GIPS) provide a framework for investment firms to present their performance to clients. Compliance with GIPS is essential for ensuring transparency and trust. A firm must establish and maintain policies and procedures to comply with the standards. Which of the following statements correctly reflects the compliance requirements under GIPS?

All firms claiming compliance with GIPS must use the same methodology for calculating performance.

Firms can claim compliance without conducting an annual verification of performance records.

Firms must have a written policy for GIPS compliance that is documented and followed.

Hint

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