Effective Date Delayed for GS on Broadly Distributed Pooled Funds
The GIPS Executive Committee has decided to delay the effective date of the Guidance Statement on Broadly Distributed Pooled Funds. The Guidance Statement was scheduled to become effective on January 1, 2018, but the effective date has now been pushed back to January 1, 2020 in order to coincide with the anticipated effective date of the 2020 edition of the GIPS standards (GIPS 20/20). Firms should not interpret this delay as an indication that the guidance is expected to change in any way and firms are still strongly encouraged to adopt the guidance in advance of the effective date.
