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I don’t think thats right either… i don’t remember you having to say anything if you aren’t verified and haven’t sought to be. It’s not mandatory anyhow.

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I couldn’t find it in the CFAI text because its too dense and hard to read, but from the 2011 Stalla Guide, page 18-18 it reads:
“For firms not verified, the disclosure must read:
‘[Name of firm] claims compliance with the Global Investment Performance Standards (GIPS(R)) and has prepared and presented this report in compliance with the GIPS standards. [Name of firm] has not been independently verified.’”
Schweser 2011 says the same thing on Page 199 of Volume 5.
I looked at my Schweser book from last year and it didn’t have this. So it looks like new stuff.

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Its true, you have to disclose it if you haven’t been verified. CFAI volume 6, page 308

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For FIRMS that are verified:
“[Insert name of FIRM] claims compliance with the Global Investment
Performance Standards (GIPS?) and has prepared and presented this report
in compliance with the GIPS standards. [Insert name of FIRM] has been
independently verified for the periods [insert dates]. The verification
report(s) is/are available upon request.
Verification assesses whether (1) the firm has complied with all the composite
construction requirements of the GIPS standards on a firm-wide basis and
(2) the firm’s policies and procedures are designed to calculate and present
performance in compliance with the GIPS standards. Verification does not
ensure the accuracy of any specific composite presentation.”
————————
Please compare it with programmer’s post for case of not-verified. It seems it asks more if the firm is verified.

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