Question #6
Reading: Reading 42.3 Standards of Professional Conduct Guidance for Standards III
PDF File: Reading 42.3 Standards of Professional Conduct Guidance for Standards III.pdf
Page: 3
Status: Unattempted
Correct Answer: B
Question
With regard to Global Investment Performance standards (GIPS), if the Chief Investment Officer of an investment advisory firm also is a CFA charterholder:
Answer Choices:
A. the firm is required to comply with GIPS
B. the charterholder is required to comply with GIPS
C. neither the firm nor the charterholder are required to comply with GIPS
Explanation
Adoption of GIPS is voluntary for firms. GIPS apply to firms, not individuals.