Ethical and Professional Standards 【Reading 4】Sample
Which of the following is least likely to be a requirement for a firm claiming compliance with Global Investment Performance Standards (GIPS)? A)
| List discontinued composites for at least five years. |
| B)
| When jointly marketing with a noncompliant firm, make sure the compliant firm is clearly defined as separate from the noncompliant firm. |
| C)
| Provide a compliant presentation only to prospects who request one. |
|
To comply with GIPS, a firm must provide a compliant presentation to all prospects. For all prospects who request them, the firm must also provide a composite list and composite description, and a compliant presentation and composite description for any composite included in the firm’s list. |