Ethical and Professional Standards Q159
- A
Statements referring to the calculation methodology as being “in accordance,” “in compliance,” or “consistent” with the Global Investment Performance Standards, or similar statements, are prohibited.
- B
Firms must provide a complete list of composite descriptions to any prospective client that makes such a request.
- C
For periods beginning on or after 1 January 2010, total firm assets must be the aggregate fair value of all fee-paying portfolios managed by the firm.
- Option : C
- Explanation : The condition for total firm assets is for periods beginning on or after 1 January, 2011, and includes both fee-paying and non-fee-paying portfolios.
