# kaal:claim:2348463-007

**Claim.** The SEC has not standardized the disclosures required in Form PF, and there is evidence that Form PF requirements rest on an inconsistent use of industry terms, which can in turn produce inconsistent and contradictory data reporting.

**Type.** failure  **Support.** evidenced

**Holds when.**

- Form PF as promulgated and in effect at the time of writing

**Source quote.**

> The SEC has not yet standardized the required disclosures in Form PF and there is some evidence that the disclosure requirements in Form PF are based on an inconsistent use of industry terms which may in turn result in inconsistent and perhaps contradictory data reporting.

**From.** Wulf A. Kaal, *Hedge Funds’ Systemic Risk Disclosures in Bankruptcy* (2013), INTRODUCTION, page 7

**Cite as.** Wulf A. Kaal, Hedge Funds’ Systemic Risk Disclosures in Bankruptcy (2013). SSRN: https://ssrn.com/abstract=2348463

**Verify.** sha256 of source PDF `b3682f24c0b277b3307fb9f54cd17a4e0a87b48eecba34b40e189212f20c9a22` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Hedge%20Funds%E2%80%99%20Systemic%20Risk%20Disclosures%20in%20Bankruptcy.pdf

**Failure mode.** inconsistent industry terminology in Form PF  (family: data-quality-and-comparability)

**Topics.** private-funds, systemic-risk, disclosure, risk-and-incentives

**Keywords.** form-pf, data-quality, standardization, systemic-risk-disclosure

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/2470008-026
- extended_by: https://wulfkaal.github.io/claims/2447306-004
- supported_by: https://wulfkaal.github.io/claims/2470008-022
- extended_by: https://wulfkaal.github.io/claims/2470008-037
- extended_by: https://wulfkaal.github.io/claims/2470008-025
- generalizes: https://wulfkaal.github.io/claims/2447306-037
- generalizes: https://wulfkaal.github.io/claims/2470008-031
- restated_by: https://wulfkaal.github.io/claims/2714974-012
- supports: https://wulfkaal.github.io/claims/2150377-039
- extended_by: https://wulfkaal.github.io/claims/2470008-003
- supported_by: https://wulfkaal.github.io/claims/2470008-024

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.