The latest release marks an important milestone in the evolution of the GIPS
standards to ensure their relevance for all investment managers and asset owners.
To mark this significant milestone Meristem Securities Nigeria in conjunction with the Chartered Financial Analysts Institute, held a GIPS
Compliance declaration event in Lagos.
Vidhu Shekhar, CFA, Country Head, India, CFA Institute said, "We are excited that the GIPS
standards have made their way to India.
He said BQA quality assures using the same regulations as there were accredited in the new system as per the BQA Act no 24 of 2013, adding that on November 21, BQA carried out an audit at GIPS
to ensure compliance.
are sponsored and administered by CFA Institute, which awards the Chartered Financial Analyst (CFA) and Certificate in Investment Performance Measurement designations.
Also, the company said that this GIPS
is a development by its Investment Risk & Analytical Services (IRAS) group, which delivers flexible and intuitive reporting through an improved version of its proprietary Composite Management System (CMS).
Verification assesses whether a firm has complied with all the composite construction requirements of the GIPS
standards on a firm-wide basis and that the firm's policies and procedures are designed to calculate and present performance in compliance with GIPS
More investment firms need to conform to the highest standards of professional conduct and an industry-wide acceptance of GIPS
that is a logical first step.
In contrast, it held with regard to the role of Knauf Gips
KG in the Knauf Group that the General Court had erred in law in holding that the onus was on Knauf Gips
KG to react during the administrative procedure or face the prospect of no longer being able to do so before the EU courts.
The Google offer is priced at NOK13 apiece and values GIPS
The investor's firm, Hodne Holdings AS, was the second-largest owner in GIPS
controlling 7.1% of the shares in the company as of 1 April 2010, according to GIPS
annual report for 2009.