The new revisions, the first since 2005, go into effect in January 2011. Investment managers aiming to stay in compliance with GIPS have until then to get up to speed with the new requirements.
Major components of the revised standards include fair-value requirements - mandating firms use fair-value methodologies to price assets when no market value data is available (the CFA Institute has developed a valuation hierarchy for members to use). In addition, members will have to disclose the standar
The SEC takes a definitive stance on the status of cryptocurrencies; the idea of privacy consistently changes with the introduction of new technologies.Subscribe to Weekly Wrap emails