单选题

In countries where new local laws relating to calculation and presentation of investment performance conflict with GIPS standards, firms who have claimed GIPS compliance should most likely:

A、 top claiming GIPS compliance.
B、 follow local laws, continue to claim GIPS compliance, and disclose conflicts.
C、 continue to claim GIPS compliance, disclosing non-compliance with new laws.

【正确答案】 B

【答案解析】

B is correct because where local laws and regulations regarding calculation and presentation conflict with GIPS standards, firms must abide by the local laws and regulations. They are still allowed to claim GIPS compliance but must disclose areas where the local requirements conflict with those of the GIPS standards.