In reporting historical performance record section,
The CFA book mentions that firms may link non- GIPS- compliant performance to their GIPS- compliant performance provided that only GIPS- compliant performance is presented for period after 1 January 2000 and the firm disclose theperiods of non- compliance.
The CFA book also says that firms must not link non-GIPS-compliant performance for periods beginning on or after 1 January 2000 to their GIPS- compliant performance.
-----------------------------------------------------------------------------------------------------------------------------------------------------------------It seems conflicting to me… I would appreciate it if someone could explain to me the difference between the 2 sentences.