GIPS: Standard 1. Fundamentals of Compliance

An analyst works in a country where there exist regulations that conflict with GIPS. To remain compliant with GIPS, the analyst's firm _most likely_ must:

Incorrect. The firm can still operate in a jurisdiction where GIPS and the country's regulations conflict, since GIPS makes allowances for this possibility.

Incorrect. There is no partial GIPS compliance, however well-intentioned.

Correct. It is true that a firm cannot partially comply with GIPS, whether disclosed or not.

move to a jurisdiction that does not have regulations that conflict with GIPS.

comply with the country's regulations, but disclose the conflict in the firm's materials.

comply with the country's regulations, but understand that it can never be compliant with GIPS since partial compliance is not allowed.