CFA Institute recently released the 2020 Global Investment Performance Standards (GIPS®) on June 28, 2019. The newest version represents the most significant changes since the 2010 edition of the GIPS standards went into effect on January 1, 2011. The updated GIPS standards are based on industry best practice and input received during the public comment period.
The effective date of the 2020 GIPS standards was January 1, 2020. Firms are encouraged to early adopt at any time but must comply with all provisions of the 2020 GIPS standards. Firms will effectively “flip a switch” when choosing when to comply with the 2020 GIPS standards.