6、To comply with the Global Investment Performance Standards, a firm must initially show GIPS-compliant history for a minimum of: A. two years, or since inception if the firm has been in existence for less than two years. B. three years, or since inception if the firm has been in existence for less than three years. C. five years, or since inception if the firm has been in existence for less than five years. D. seven years, or since inception if the firm has been in existence for less than seven years. Correct answer = C
"Global Investment Performance Standards" (CFA Institute, 2005) 2008 Modular Level I, Vol. 1, p. 127 Study Session 1-4-b describe the scope of the GIPS standards with respect to an investment firm's definition and historical performance record A firm must initially show GIPS-compliant history for a minimum of five years, or since inception if the firm has been in existence for less than five years. |