Standard II(A) – Material Non-Public Information
CFA Institute members and candidates should not act on material nonpublic information in their possession or cause others to act on it. If the publication of information will affect the price of a security or if reasonable investors would wish…
GIPS Verification
Verification refers to the process by which a firm claiming compliance with GIPS requirements hires an independent third party to evaluate its processes and corroborate the firm’s assertions. Despite the fact that verification is a recommendation rather than a requirement…
Fundamentals of Compliance
The GIPS standards must be applied on a firm-wide basis. There are two important issues that must be considered by a firm when it complies with the GIPS standards: Definition of the firm. Definition of discretionary. Understand GIPS compliance concepts…
GIPS Composites
A primary aspect of GIPS is to require composites, which are aggregate portfolios managed with a similar investment approach. Therefore, if a firm presents its record for a particular equity classification, all portfolios meeting pre-established criteria for that class must…
Concepts of the GIPS Standards for Firms
The following are the key concepts of the GIPS standards that apply to firms: GIPS are ethical standards for an investment performance presentation to ensure fair representation and full disclosure of investment performance. In order to claim compliance, firms must…
