Performance Presentation Standards

Retroactive Compliance

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Question

The Performance Presentation Standards ________ require retroactive compliance.

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Explanations

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A. B. C.

Explanation

Retroactive compliance is not required, but it is allowed for firms with performance calculations for periods prior to the applicable dates that are not in conformance with the AIMR-PPS. In this case, the firm can restate its historical performance in accordance with the Relaxed Retroactive Standards.