iteracom

1 - yes
2 - you can always claim compliance, but the statement of compliance differs. “Has not been independently verified” vs “has been”. If you try to get verified and fail, yes you need to stop claiming compliance.
3 - returns to be valued using TWRR when large cash flows occur.
4 - no, you’re an agent, you don’t emply them or have any control over their fund mandates.
5 - yes, need to define large, but GIPS imposes no constraints
6 - yes, tell clients “how we do it” for valuing portfolio, calculating performance and preparing compliant presentations