NakedPuts2011

Standard 5.A.1a says that the firm must present AT LEAST 5 years of compliant history and every year going forward so that the firm eventually has at least 10 years of compliant history. The firm in this case would not need to present GIPS compliant history for the past 15 years in order to be compliant. It would only need to present 5 years of compliant history. A firm that has less than 5 years of existence would be allowed to present less than 5 years of compliant history and would beed to add additional years up to 10yrs.