NO.PZ201604030300004204
问题如下：
4. Does Nano’s draft compliance policy statement conform to the CFA Institute Code and Standards with respect to performance presentation?
选项：
A.No, because terminated accounts are excluded.
B.No, because performance is reported to all clients gross of fees.
C.No, because performance data are presented on a before-tax basis.
解释：
A is correct.
Standard III(D) states that both terminated and active accounts must be included as part of the performance history.
【Performance data must be documented for each of Markoe Advisors’ active accounts, be disclosed upon request, and be compared with the firm’s composite, which is composed of active accounts only. Performance data must be presented on a before-tax basis to all clients, with the disclosure that all performance data are presented gross of fees.】
老师，业绩披露的要求有哪些？有对是否是gross还是net有要求
