Welcome to the section one-point-four on introduction to the global investment performance standards (G-I-P-S

the code and standards should be avoided like acting on nonpublic material information, taking up shares personally in oversubscribed initial public offering, conflict of interest, etc.

Sub-section one-point-three c: -- Practices and procedures designed to prevent violations of the code of ethics and standards of professional conduct --

CFA Institute members must adopt practices and procedures designed to prevent violations of the code and standards such as maintaining objectivity and independence in investments, using reasonable care in investment actions, simultaneous dissemination of investment information and recommendations, not using work of others without attribution, etc.

Welcome to the section one-point-four on introduction to the global investment performance standards (G-I-P-S).

In this section, we have three sub-sections that explain the various aspects and concepts related to introduction to the global investment performance standards. The sub-sections are --

a. -- Why the G-I-P-S standards were created, what parties the G-I-P-S standards apply to, and who is served by the standards.

b. -- Construction and purpose of composites in performance reporting.

c. -- Requirements for verification.

Sub-section one-point-four a: -- Why the G-I-P-S standards were created, what parties the G-I-P-S standards apply to, and who is served by the standards --

G-I-P-S standards were created with an aim to provide the uniform framework for the presentation of the historical performance results and avoiding misrepresentation. G-I-