Under the Performance Presentation Standards, selected firm composites can be designated as being in compliance, only if ________ of the firm's composites are in compliance.
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A. B. C. D.Explanation
Compliance cannot be met on a per product or per composite basis, but can only be met on a firmwide basis. Composites may not be presented as being in compliance unless all of the firm's qualifying portfolios have been accounted for in at least one composite defined according to similar strategy or investment objective.