# kaal:claim:2337268-022

**Claim.** Form PF filings, unlike Form ADV filings, are confidential and not publicly available, so the systemic risk disclosure regime is built for regulators rather than for market or investor scrutiny.

**Type.** design  **Support.** asserted

**Holds when.**

- Form PF filings by private fund advisers

**Source quote.**

> Unlike Form ADV, Form PF filings are confidential and not publicly available.

**From.** Wulf A. Kaal, *Investment Adviser Regulation* (2013), 4. Disclosure, page 14

**Cite as.** Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

**Verify.** sha256 of source PDF `7075ce35282a8ee75b81ae3dec0e19f68631beae7f3c3a00ab2827538dc9e302` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Investment%20Adviser%20Regulation.pdf

**Topics.** private-funds, disclosure

**Keywords.** form-pf, confidentiality, public-disclosure, form-adv

**Related claims.**

- generalizes: https://wulfkaal.github.io/claims/2348463-016

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