In May 2001 the Investment Performance Council (IPC), at its in-person meeting in Los Angeles, formally adopted GIPS Ireland as the very first approved country version of GIPS (CVG). That very first CVG, unique to Ireland, incorporated a stiffer deadline for the adoption of a valuation requirement at point of cash flow.
From January 2006, on the adoption of the gold GIPS standard, this CVG has been replaced by the revised
Global Investment Performance Standards (GIPS) which has incorporated many of the best practices previously expounded in national CVG's. The GIPS standard now represents the sole investment performance standard globally. A revised version of the GIPS standards, effective from January 1st 2011, is now available on the
GIPS standards website.
Acting on behalf of the country sponsor, the
Irish Association of Investment Managers, the Country Sponsor Committee reviews all guidance statements issued by the GIPS governing body, the GIPS Executive Committee
(the successor body to the IPC), and collates feedback from the Irish marketplace within the public comment period for onward submission to the Performance Standards Group in the CFA Centre for Financial Market Integrity.
The Irish Sponsors committee is made up of the following individuals:
Joe O'Donnell, AIBIM (Chair), Joe Kavanagh, (Kleinwort Benson Investors), Anne Golden (BIAM), Samantha Fitzsimons (F&C), Janice Nolan (Setanta), Gordon Doyle (ILIM), Barry Traynor (Pioneer).
Independent of its function as the country sponsor committee, this group also meets quarterly to discuss matters of common interest to performance measurement professionals, including, but not restricted to, training needs analysis, organisation of training courses, review of third-party vendor services, and other issues of common concern. If any other firm wishes representation on this committee, please in the first instance contact the
society e-mail address.
Issues for Public Comment