单选题
When GIPS and local laws conflict, in order to be in compliance with GIPS, the investment firm must : A. follow GIPS and need not reference the local law. B. follow local law, and no additional disclosure is required. C. follow local law but disclose the conflict with GIPS.
【正确答案】
C
【答案解析】Compliance requires that the firm follow local law and disclose the conflict between local law and GIPS.