这道题要考啥

问题如下：

In which scenario is it most likely acceptable to link non-GIPS compliant performance with GIPS compliant performance?

选项：

A.A wrap fee composite from a firm that started GIPS compliance on 1 January 2006. B.A real estate investment pool from a firm that commenced GIPS compliance on 1 January 2010. C.A large-cap stock portfolio from a firm that initiated GIPS compliance on 1 January 2001.

解释：

Option A is correct. In the context of GIPS standards, it is permissible to link non-compliant performance with compliant performance in the case of a wrap fee composite where the firm's compliance claim began on 1 January 2006. This date represents the minimum effective compliance date for wrap fee composites under GIPS, whereas for real estate and large-cap equity portfolios, different dates apply.