Whenever an investment management firm presents investment performance is compliance with the Global Investment Performance Standards (GIPS), it must start how it defines itself as a firm. Under GIPS, a firm may define itself for the purpose of claiming GIPS compliance using any of the following options EXCEPT when:()
A. an entity is registered with the appropriate national regulatory authority overseeing the entity’s investment management activities.
B. all assets are managed to one or more base currencies.
C. the subsidiary or division of a company claims GIPS compliance when the parent company is GIPS compliant.
参考答案：B
解析：
The subsidiary or division of a company claims GIPS compliance when the parent company is GIPS compliant. In order for an investment firm to claim GIPS compliance, GIPS must be applied on a firm-wide basis. If the parent company is GIPS compliant, this does not automatically mean the divisions or subsidiaries are compliant. A division or. subsidiary of a company would also have to comply with GIPS to be able to claim compliance. If an investment firm, subsidiary, or division is held out to clients or potential Clients as a distinct business unit it can claim GIPS compliance even if the parent company is not compliant.