[email protected]
+91-9920808017
81. According to the Fundamentals of Compliance section, what are firms recommended to provide to each existing client on an annual basis? A compliant presentation of:
all composites of the firm.
the composite in which the client’s portfolio is included.
the client’s portfolio.
Your email address will not be published. Required fields are marked *
Report
Name
Email
Website
Save my name, email, and website in this browser for the next time I comment.
Comment
82. If a composite has been in existence for less than five years, then for what period is the firm most likely required to present GIPS- compliant performance?
Two years.
One year.
Since inception date.
83. GP Asset Management Company is defined as a firm according to GIPS standards. The firm’s inception date is 1 January 2013, and it has been in existence for less than five years. After it builds up GIPS-compliant performance for five years until 31 December 2017, is the firm required to add additional years of GIPS-complaint performance?
Yes, one more year.
No, as five years is the minimum requirement.
Yes, till the firm builds up to a minimum of 10 years of GIPS-complaint performance.
84. PA Asset Management Company is defined as a firm according to GIPS standards. The firm’s inception date is 1 January, 1998. It is now 1 January, 2014. The firm claims compliance with GIPS Standards from 1 January, 2000. Is the firm allowed to link non-GIPS compliant performance to GIPS complaint performance?
Yes, if the firm discloses the periods of non-compliance.
No, since the non-compliant period is before 1 January, 2000.
No, since non-complaint GIPS performance cannot be linked to GIPScomplaint performance
85. PA Asset Management Company is defined as a firm according to GIPS standards. The firm’s inception date is 1 January, 2000. It is now 1 January, 2014. The firm claims compliance with GIPS Standards from 1 January, 2006. Is the firm allowed to link non-GIPS compliant performance to GIPS complaint performance?
No, since the non-compliant period is on or after 1 January, 2000.
No, since non-complaint GIPS performance cannot be linked to GIPScomplaint performance.
Login with Facebook
Login with Google