By Amy Jones, CIPM, and Arin Stancil, CFA, CIPM
Wolters Kluwer: Practical Compliance & Risk Management For the Securities Industry, 11.2014
A robust GIPS compliance program should include: 1) documented GIPS policies and procedures that are tailored and specific to the firm, 2) a review process for composite construction and performance calculations, 3) marketing controls to ensure appropriate disclosures and performance results are being properly included in advertisements and other marketing materials, 4) compliance oversight (internal or external) involved with reviewing the overall process and 5) procedures for maintaining compliance going forward, including staying current with respect to changes to the GIPS standards and/or regulatory requirements.