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- 2011-7-11
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- 2013-9-29
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GIPS Input requirement versus recommendation
Standard 1.A.4 states that starting 1/1/2010, firms MUST value portfolios as of calendar month-end or last business day of the month. However, one of the recommendations (Standard 1.B.3) states, calendar month-end valuation or valuation on the last business day is recommended.
So, what is the point of requiring then only to include as part of recommendation? Any thoughts? |
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