The United States Investment Performance Committee (USIPC), in conjunction with CFA Institute, recently conducted a survey to seek input on error correction policies and procedures used by firms that comply with the Global Investment Performance Standards (GIPS®). The purpose of the survey was to inform the investment industry on how […]
Continue ReadingGIPS® Compliance Notification Form Released
The GIPS® Executive Committee recently approved the new requirement for firms that claim compliance with the GIPS® standards to notify CFA Institute of such claim. In order to adhere to this requirement, firms that claim compliance with the GIPS® standards will be required to submit certain information to CFA Institute […]
Continue ReadingReporting Firm Assets Under Management
For some firms, the assets under management (AUM) reported for GIPS® compliance purposes is different from the AUM reported in regulatory filings such as Form ADV. This is because the requirements related to the accounts that must be included — and how the value of those accounts are measured — […]
Continue ReadingConsiderations for Ongoing GIPS® Compliance
Compliance with the GIPS® standards is not a one-time exercise that, once completed, can be permanently checked off a firm’s to-do list. Once GIPS® compliance has been achieved, it is essential to maintain compliance on an ongoing basis. There are tasks that must be completed on a monthly and annually […]
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