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**CFA Practice Question**

A firm has been in existence for 7 years. For the firm to claim GIPS compliance, the minimum number of years for which performance has to be presented is:

A. 5

B. 2

C. 7

**Explanation:**Note, if the firm had been in existence for less than 5 years, then it has to have data presented since inception.

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**User Contributed Comments**
3

User |
Comment |
---|---|

Mikehuynh |
Claim GIPS compliance: minimum is 5 years or since inception. No partial claim => comply to all the requirements of GIPS Third party verification is recommendation not requirement |

lynche2012 |
when do you need to continue the window to a full 10 years.......? |

GBolt93 |
You initially need 5 years when first starting GIPS compliance, then every year from then on must be included until you reach 10 years. I.e. 5 years at t=0, 6 years at t=1, etc until you reach 10 at t=5 |