The Standard for Portfolio Management — Fourth Edition

APPENDIX X1

FOURTH EDITION CHANGES

This appendix provides a detailed explanation of the changes made to The Standard for Portfolio Management—Fourth Edition to help readers understand the differences between editions, the rationale for the standard, and to provide historical continuity.

The project committee was chartered to update and enhance The Standard for Portfolio Management—Third Edition, but with the challenge of developing a principle-based document. This was a paradigm shift away from a process-based standard as previously published. The following sources and criteria were used to determine requisite changes to the standard:

• Recommendations deferred from The Standard for Portfolio Management—Third Edition;
• Results of a portfolio management ...