About the CIPC
The Canadian Investment Performance Council (CIPC) of CFA Societies Canada is a council of independently minded expert volunteers from across Canada. The objective of the CIPC is to provide thought leadership on investment performance best practices and promote adoption of the GIPS® standards in the pursuit of fairness and transparency for Canadian market participants. The CIPC was formed in 2008 as a national initiative of the Canadian CFA Societies, to promote adherence to the highest standards of ethical behaviour, encourage professional development through the CFA program and facilitate respectful open exchange of information and opinions. The CIPC is currently recognized by CFA Institute as the official sponsor of the GIPS Standards for the Canadian market.
From time to time, the CIPC publishes articles and presentations on performance topics.
Note: The Canadian Investment Performance Council has translated the 2020 GIPS Claims of Compliance from English to French to assist compliant firms in their communications with clients and the public. The CIPC is interested in hearing from Canadian firms, asset owners, and their verifiers as to whether further French translations of the GIPS Standards would be beneficial. Click here to get your French version of the Claims of Compliance for firms and for asset owners. Any requests or comments can be sent to firstname.lastname@example.org.
The CIPC reports to the CFA Societies Canada Board of Directors.
The Board of CFA Societies Canada in turn designates the CFA Societies Canada Executive Committee.
The CFA Societies Canada Executive Committee is responsible for:
– Oversight of the Canadian Advocacy Council (CAC), Canadian Investment Performance Council (CIPC) and any other committees or councils approved by the Board (including functions such as budget and member approval as per the respective committee governance documents);
– Oversight of organizational communications programs
– Such other authority and responsibility as the Board may determine, from time to time.
Board members of CFA Societies Canada are encouraged to observe all CIPC meetings/ conference calls and join meetings in their respective cities.
Global Investment Performance Standards (GIPS)
What are the GIPS standards?
The Global Investment Performance Standards (GIPS®) provide an ethical framework for the calculation and presentation of the investment performance history of an investment management firm. Investment management firms that comply with the GIPS standards allow clients, prospective clients, and consultants the best opportunity to fairly evaluate their past performance.
Who established the GIPS standards?
The GIPS standards were created and are administered by CFA Institute, the global, not-for-profit association of investment professionals that awards the Chartered Financial Analyst (CFA)® and Certificate in Investment Performance Measurement (CIPM)® designations.
Organizations in nearly 40 countries sponsor and promote the Global Investment Performance Standards.
The GIPS standards provide:
– Firms with an ability to compete globally
– Investors with the ability to make comparisons