Chartered Financial Analyst Level 1
Get started today
Ultimate access to all questions.
Ultimate access to all questions.
Which of the following entities is eligible to claim compliance with the GIPS standards?
Explanation:
Explanation:
Option A is incorrect because consultants cannot claim compliance unless they directly manage the assets for which compliance is claimed. They may endorse or require GIPS compliance for their investment managers but cannot claim it themselves.
Option B is correct. Asset owners may comply with the GIPS standards if they do not compete for business but report performance to oversight bodies. They can adhere to the GIPS Standards for Asset Owners.
Option C is incorrect because only firms managing assets can claim compliance. Software vendors can assist firms in achieving compliance but cannot claim compliance themselves. Compliance is only valid for firms that meet all GIPS requirements.