Ethical And Professional Standards - Ethical And Professional Standards Section 2
56. Who can most likely claim compliance with GIPS Standards?
- Option : C
- Explanation : Only investment management firms can claim compliance. Individuals, charterholders, and software to implement the Standards cannot claim compliance.
- Option : C
- Explanation : Only investment management firms that actually manage assets can claim compliance. The other two cannot.
- Option : B
- Explanation : Since there is no distinction in the market or client type (institution/retail investors) and the investment process, partial compliance is not allowed. GIPS encourages firms to use the broadest definition of the firm.
59. Which of the following statements is most likely true? A firm can claim GIPS compliance for:
60. Claiming compliance with GIPS Standards is:
- Option : B
- Explanation : It is voluntary, but it increases the competitiveness of a GIPS-complaint firm, while competing for bids on a global platform against non-compliant ones. It increases the trust among prospective clients.
