2021年海南金融英語考試真題卷（8）.docx

icular client’s fee if the client’s account increases in value by more than 2 points over a benchmark index. Baldwin had a meeting with a prospect in which she described the firm’s investment approach but did not disclose her base salary, percentage fee, or bonus. Baldwin has :（）
A. violated the Standards by not disclosing her salary, fee percentage, and performance bonus.
B. violated the Standards by not disclosing her performance bonus.
C. not violated the Standards because employment compensation arrangements are confidential and should not be disclosed to clients.
5.In January 2003, the Medusco Investment firm has decided to present its performance history in compliance with the Global Investment Performance Standards (GILES). Medusco was formed on January 1, 1992, and has never before presented its performance results in compliance with the GIPS standards. Which of the following actions must Medusco take in order to claim GIPS compliance（）
A. Present GIPS - compliant performance results for the 5 - year period from January 1, 1998, through December 31, 2002, and report five additional years of non - GIPS - compliant performance with a disclosure explaining why the performance in the earlier years is not GIPS - compliant.
B. Retroactively comply with GIPS for periods after January 1 , 2000, and report non - GIPS - compliant performance results for the periods January 1, 1993, through December 31, 1999, with a disclosure explaining why these earlier years are not GIPS -compliant.
C. Present GIPS- compliant performance results for the 5 -year period from January 1, 1998, through December 31, 2002.
6.Which of the following is NOT an objective of the Global Investment Performance Standards GIPS)（）
A. To ensure accurate and consistent investment performance data for reporting, record keeping, marketing, and presentation.
B. To promot