Ethical and Professional Standards Q153

153Which of the following is not a key feature of the GIPS standards?

A
All actual, discretionary, fee-paying and non-fee paying portfolios must be included in at least one composite.
B
Firms must use accurate input data, follow certain calculation methodologies and disclose the method used.
C
Firms must comply with all requirements of the GIPS standards.

Option : A
Explanation : It is not mandatory for non-fee paying portfolios to be included in at least one composite.

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