Ethical and Professional Standards Q162

0. Which of the following is most likely a requirement under Fundamentals of Compliance section of the GIPS Standards?

A
The GIPS standards must be applied on a firm wide basis.
B
The GIPS standards may be applied only to specific clients’ portfolios or selected composites.
C
Firms must comply with the CFA Institute Code and Standards regarding calculation and presentation of performance.

Answer
Comment
Array

Option : A
Explanation : B is incorrect because the GIPS standards cannot be applied only to certain portfolios or composites. C is incorrect because firms must comply with applicable laws and regulations regarding the calculation and presentation of performance.

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