Q & A Database

The GIPS Standards Q&A database contains questions and answers (Q&As) on various searchable topics that provide additional interpretation on an issue. Q&As are considered to be authoritative guidance and must be followed in order to claim compliance with the GIPS standards.

Content from prior Q&As was included in the GIPS Standards Handbook as much as possible and many Q&As were archived. Change the Status drop-down filter to "Archived" to see the archived Q&As.

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Archived

Effective: 1 November, 2012 - 31 December, 2019

Categories: Recordkeeping

Source: GIPS Handbook, 3rd Edition

I have a composite that I don’t use for advertising or marketing purposes. Must I keep the records for the portfolios in this composite as well as the records for the composite itself, even if I don’t market the composite’s performance?

Yes. A firm must capture and maintain all data and information (i.e., records) necessary to support all items included in compliant presentations. This includes all of the firm’s composites, whether marketed or not. All composites, whether marketed or not, must be listed on the firm’s list of composite descriptions. The firm must be prepared to provide a compliant presentation to any prospective client that makes such a request for all composites on the list of composite descriptions. The compliant presentation should be available within a reasonable time frame, if not immediately available.

Please also see original Q&A