CFA Level 1: Effective Date for Compliance

Effective Date for Compliance

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Question

What is the effective date for compliance with the AIMR-Performance Presentation Standards for discretionary fee-paying portfolios meeting the definition of a wrap-fee account?

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Explanations

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A. B. C. D.

C

From July 1, 1995, going forward, all of the firm's actual discretionary fee-paying portfolios meeting the definition of a wrap-fee account must be presented in composites that adhere to the Standards.