CFA Society Luxembourg

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 GIPS® Standards

Global Investment Performance Standards (GIPS®)

The GIPS standards are a set of ethical principles used by investment management firms in order to establish a globally standardized, industry-wide approach to creating performance presentations that communicate investment results to prospective clients. The underlying spirit of the Standards is fair representation and full disclosure. CFA Institute created and administers the GIPS standards and has partnered with local country sponsors around the world to develop and promote the Standards.

To facilitate and maintain the integrity of the GIPS standards, new performance standards are created as needed by the industry and new procedures and controls are implemented to ensure that the Standards are consistently applied, interpreted, and expanded with broad public comments.

Global Investment Performance Standards Handbook 3rd Edition 2012

The third edition of the Global Investment Performance Standards (GIPS®) Handbook, which replaces the 2006 version, reflects the updated GIPS provisions adopted in 2010 and provides updated interpretive guidance for each provision, as well as applications and selected questions and answers. In addition to providing the 2010 edition of the GIPS standards, the Handbook contains all Guidance Statements issued prior to 31 December 2012. The third edition offers the most comprehensive revisions and updates to the GIPS standards to date. The Handbook is intended for use by investment professionals worldwide who are involved in investment performance measurement and reporting.

Investment Performance Standards E-Mail Alert

To subscribe to the GIPS bi-monthly e-mail service detailing current events relating to the GIPS standards, please write to standards@cfainstitute.org and enter “GIPS Email Alert” in the subject heading, with your name in the body of your message.

GIPS Helpdesk

Contact the GIPS Helpdesk for information regarding the GIPS standards. The GIPS Helpdesk addresses technical questions on the application and interpretation of the provisions of the GIPS standards.

 Links

GIPS Guidance Statements
Guidance statements provide interpretation, clarification, and guidance on the application of the Standards. Firms must comply with all guidance statements.

GIPS Standards and The Benefits of Verification
The GIPS standards have set forth criteria with regard to the knowledge requirements of verifiers in the areas of the GIPS standards, applicable laws
and regulations, the corporate structure of the firm, the firm’s policies and procedures, portfolio valuation basis, and performance calculations.

GIPS Q&A Database
Find answers to the most frequently asked GIPS-related questions in the GIPS Q&A database.

GIPS News
Read the latest CFA Institute press releases related to the GIPS standards.

Country Sponsors
View a listing of all Country Sponsors of the GIPS standards.

The GIPS Structure
View the GIPS Organizational Chart and the CFA Institute GIPS Committees to understand the process of the GIPS standards' review.

Other Resources
View the Presentations and Publications released by CFA Institute.

GIPS website