Adoption of Japanese Translation of GIPS 2005
Effective 1 January 2006, SAAJ transformed SAAJ Investment Performance Standards (SAAJ- IPS) to the Japanese Translation of the Global Investment Performance Standards (GIPS) so as to fully converge with the February 2005 version of GIPS. Parallel with such convergence of various local standards to the GIPS standards, the GIPS governance structure has been reviewed and SAAJ has actively contributed to the reform by providing various comments from the standpoint of the independence of the organization and direct involvement of GIPS Country Sponsors in governance.
As a result, a new governance structure was established in 2006 including the GIPS Executive Committee as the decision-making body and a GIPS Council consisting of GIPS Country Sponsors. Several subcommittees and working groups were also organized and have been active in making recommendations/proposals for further improvement of the standards and governance. SAAJ sends representatives to the GIPS Council and subcommittees/working groups and is also an active member of the Asia-Pacific Regional Investment Performance Subcommittee of the GIPS Council.
SAAJ organizes GIPS conferences in Tokyo on a regular basis to address practical applications of the GIPS standards, including those on real estate and private equity, with related issues in the industry in Japan, attracting 150 to 200 participants.
GIPS 2010 Revision
SAAJ, the GIPS Country Sponsor in Japan, has translated the exposure draft of the revised version 2010 of the Global Investment Performance Standards (GIPS) that has been open for the public comment by the GIPS Executive Committee (GIPS EC), into Japanese to solicit comments from SAAJ members and other related parties. SAAJ has developed comments based on a review of the comments received from the industry by the SAAJ Investment Performance Standards Committee, and submitted its comments to the GIPS EC in June 2009. The adoption of the revised GIPS standards is planned for early 2010 by the GIPS EC with an effective date of 1 January 2011.
