bpdulog

In the first year of GIPS compliance, the firm usually should provide at least 5 years of performance records. If the firm or the composite was created less than 5 years ago, all the performance records should be provided.
10-year requirements are for the firms that have been in compliance for a while(at least 5 years). Of course, the firm can always present more than 5 years of records in its first year of compliance.
In an extreme case, the firm presented 10 years of records in its first year of compliance. It can not change its mind in later, and presents only 6 years of records in the second year.