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Basic Question 5 of 7
Select the false statement(s).
II. Firms must provide a compliance presentation for any composite listed on the firm's list, and can choose the optional of providing a composite description to any client who makes such a request.
III. Discontinued composites should be listed by a firm for at least 12 months.
I. Compliance with applicable laws or regulations leads to compliance with the GIPS standards.
II. Firms must provide a compliance presentation for any composite listed on the firm's list, and can choose the optional of providing a composite description to any client who makes such a request.
III. Discontinued composites should be listed by a firm for at least 12 months.
User Contributed Comments 2
| User | Comment |
|---|---|
| johntan1979 | And for I, local law takes precedence over GIPS when in conflict. |
| tybe0012 | discontinued compositeds to remain on list for at least 5 years |
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Edward Liu
Learning Outcome Statements
describe the key concepts of the GIPS Standards for Firms
CFA® 2025 Level I Curriculum, Volume 6, Module 4.