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CANADIAN INVESTMENT PERFORMANCE COUNCIL "Canada is an important mem- ber of the global capital mar- kets. The CIPC has a strong voice and plays a critical role in representing the interests of Canadian stakeholders in the development of the GIPS standards, ensuring that they are truly global standards." - Jonathan Boersma Executive Director, Global Investment Peformance Stand- ards, CFA Institute CIPC promotes the GIPS stand- ards locally across Canada by ... Providing market support Commenting on regula- tions Speaking at various events Background The Canadian Investment Performance Council (CIPC) is recognized as the official Country Sponsor of the Global Investment Performance Standards (GIPS®) in Cana- da since 2008. It is a fully independent, volunteer-based and self-governed organiza- tion. It consists of a maximum of 12 voting members who represent key industry/ investor groups in Canada and nominated observers. It ensures that appropriate local market expertise and issues (i.e., clients, investment managers, consultants, veri-fiers, plan sponsor, software, etc.) are adequately represented. CIPC conducts its business all year long. Mission of the CIPC Develop, promulgate and maintain the GIPS Standards in Canada and in the global investment community. Our Beliefs We believe that the GIPS standards benefit the investment profession globally by promoting the highest standards of ethics in investment performance presentation and drive professional excellence for the ultimate benefit of society. Our activities lead the investment profession's thinking in the areas of ethics, capital market integri- ty and excellence of practice. In light of Canadian society's growing interdependence with the financial markets and the increasing complexity of investment vehicles and regulatory landscapes, preserving investor confidence in the markets is paramount. The CIPC firmly believes that promulgation of an international standards and ethical framework for calculating and presenting investment performance is vital to achiev- ing this goal. We believe that due to the internationally broader reality of today's in- vestors' needs and investment strategies, performance calculation and presentation standards must be implemented globally, in cooperation with all countries and regu- lators for the ultimate benefit of our Canadian society. October 2013 CFA Society Toronto Board Manual 2016 Page 159 of 194

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