GIPS是什么？它的關鍵你知道嗎？他是用來定義“公司”，反映“不同的業(yè)務實體”。高頓小編來助你一起理解。
　　
　　Part Ⅲ:GIPS:
　　Why GIPS created—GIPS seek to avoid misrepresentation of performance,including Representative accounts;Survivorship bias;Varying time periods;
　　What parties the GIPS apply to and who is served—Investment Management Firms;Clients and prospective clients.
　　Key Characteristics
　　·to define its”firm” and reflect the”distinct business entity”;
　　·full disclosure for performance presentation;
　　·include all actual fee-paying,discretionary portfolios in composites for a minimum of five years or since firm or composites inception;
　　·no partial compliance and only full compliance can be claimed;
　　·in the event of conflict,follow the local law,but disclose;
　　·recommendations may become requirements in the future;
　　·supplemental”private equity” and “real estate”provisions.
　　Fundamental of Compliancen
　　·Definition of the Firm—Requirements;
　　·Claim of Compliance—Requirements;
　　·Firm Fundamental Responsibilities—Requirments;
　　Construction of Composite—A composite is a group of individual portfolios representing a similar investment strategy,objective,or mandate.
　　Firm Definitions
　　·Complete list and description of all the firm’s composite;
　　·Minimum asset level;
　　·Disclose the period of noncompliance and how the presentation dose not comply GIPS.
　　Presentation and Reporting
　　·Historical Performance Record;
　　·In the event of conflict,firm must follow the applicable country-specific regulations but must also disclose the nature of the conflict with GIPS.
　　GIPS VS.Local Regulation
　　Nine Major Sections of the GIPS
　　Verification
　　·Third party verification is not required,but recommended;
　　·Verification is performed by a third party,not by the firm itself,on a firm-wide basis.
　　·This third party verifier must attest some situations.