According to the Global Investment Performance Standards (GIPS) , where existing laws or regulations already impose performance presentation standards, firms:（）
A. are ply encouraged to comply with the GIPS standards in addition to those local requirements.
B. that comply with local requirements will be in compliance with GIPS as long as the scope and nature of the conflict is fully disclosed.
C. may choose to comply with local requirements rather than GIPS, but only with prior approval from the Investment Performance Council (IPC).
