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According to the Global Investment Performance Standards (GIPS), where existing laws or regulations already impose performance presentation standards, firms: A. that comply with local requirements will be in compliance with GIPS as long as the scope and nature of the conflict is fully disclosed. B. are strongly encouraged to comply with the GIPS standards in addition to those local requirements. C. must comply with the GIPS standards, because they are the globally accepted standards for the investment industry. |