GIPS Required Disclosures - Mnemonics into, long, sometimes, required, specific

IAmNeil

I’m attempting to memorize the list of required disclosures, particularly the ones that are ALWAYS required for every GIPS compliant presentation.
The list is so long I am having to split it up into sub-sections. There are 10 disclosures that are always required, 10 that are sometimes required (depending on the conditions) and 4 that depend on specific dates.
Here is what I came up with:
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Required Disclosures (ALWAYS) - ACIDIC DRAFT
A-vailability of list and description of composites
C-reation date of composite
I-nternal dispersion and measure used
D-escription of composite
I-nconsistencies in exchange rates
C-urrency used to express performance
D-efinition of “firm” in determining assets and compliance
R-eturns are gross-of-fees or net-of-fees
A-dditional information on calculating and reporting returns is available
F-ee schedule
T-reatment of withholding taxes
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Required Disclosures (Conditional) - 4 3 2 2
(4 fee related, 3 change related, 2 holdings related, 2 external)
Bundled-fee portfolios percentage of composite assets in (if any)
Fee types included in bundled fees (if any)
Gross-of-fees returns - fees in addtition to direct trading expenses (DTE)
Net-of-fees returns - fees in addition to management fees and DTE
Name change of composite
Redefined firm - date and reason (cannot be applied retroactively)
Redefined composite - date and nature of the change (cannot be applied retroactively)
Minimum size (if any) for portfolio to be included in the composite
Derivatives - presence, use, and extent of leverage of (if material)
Significant events that would help interpret performance
Conflicts of local laws and regulations with GIPS
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Required Disclosures (Date Dependent) - no mnemonic yet
How any presentation prior to 1/1/2000 is non-compliant with GIPS
From 1/1/2006 the use of a subadvisor(s) and the periods
Prior to 1/1/2010, how cash is allocated to the carve-outs
Prior to 1/1/2010 whether calendar or business month-end valuations are used

leadcfa

I need too spend a lot more time on these…

shootingstar

Based on the above, I created my modified list - ordered according to my logic.
I send it here, if it helps.
MH
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GIPS – Presentation
- Return
- Internal dispersion of returns
- # of portfolios
- Benchmark return
- Total asset value
- Firm TAV or %
GIPS – Disclosures (general)
Required Disclosures (always)
Firm: definition
Composite creation date
Composite description
Calculation: currency
Calculation: returns must be labeled “gross of fees” or “net of fees”
Calculation: fee schedule
Calculation: internal dispersion and measure used
Calculation: treatment of withholding taxes and tax-basis for net of tax benchmarks
“Upon request: list and description of composites is available”
“Upon request: addition information on calculating and reporting returns is available”
Required Disclosures (conditional)
Firm: redefinition - date and reason (cannot be applied retroactively)
Composite: name change
Composite: redefinition - date and nature of the change (cannot be applied retroactively)
Calculation: if “Gross-of-fees”: fees in addition to direct trading expenses (DTE)
Calculation: if “net-of-fees”: fees in addition to management fees and DTE
Calculation: any known inconsistencies in the exchange rates
Calculation: bundled-fee: fee types included
Calculation: bundled-fee: portfolios percentage of composite assets in
If any: minimum size for portfolio to be included in the composite
If material: derivatives - presence, use, and extent of leverage
Significant events that would help to interpret performance
Conflicts of local laws and regulations with GIPS
Required Disclosures (date dependent)
Prio to 1/1/2000: how any presentation is non-compliant with GIPS
From 1/1/2006: the use of a subadvisor(s) and the periods
Prior to 1/1/2010: how cash is allocated to the carve-outs
Prior to 1/1/2010: whether calendar or business month-end valuations are used

thommo77

NP - good luck.