Question

After a firm presents a minimum required number of years of GIPS- compliant performance, the firm must present an additional year of performance each year, building up to a minimum of:

A. 10 years of GIPS-compliant performance.

B. 15 years of GIPS-compliant performance.

C. 5 years of GIPS-compliant performance.

Answer = A

After a firm presents a minimum of five years of GIPS-compliant performance, the firm must present an additional year of performance each year, building up to a minimum of 10 years of GIPS-compliant performance.

CFA Level I

"The GIPS Standards," CFA Institute

Section: Historical Performance Record

 

 

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