GIPS clarification records, minimum, history, presented, additional

wildrose

With respect to historical performance records: I know you have to present 5 years back at min, and then 5 additional years to a minimum of 10 years total. Or if your firm was in existence for less than 5 years you can show GIPS compliant performance presentation since inception and your fine... BUT

theres a note that says you may link non-GIPS compliant performance to your compliant history (5 years min) so long as no non-compliance performance is presented after 2001. You must also disclose the periods of non-compliance and explain how the presentation is not in compliance with the GIPS standards.

To get this straight, its January 2011 now. If I show GIPS compliant info back to 2006, then non-GIPS from 2006-2001 and disclose everything fully I can claim GIPS compliance?

Can somebody verify this thought or comment?