# kaal:claim:2348463-028

**Claim.** Form PF disclosures in their existing format are too generic to be appropriately applied in bankruptcy, but accumulated experience with the form and standardization of its items could yield less generic disclosures that become increasingly relevant to bankruptcy over time.

**Type.** failure  **Support.** argued

**Holds when.**

- Form PF as designed at the time of writing
- assumes future SEC standardization

**Source quote.**

> While Form PF disclosures in their existing format are too generic for appropriate application in the bankruptcy context, experience with and standardization of Form PF disclosures could result in less generic disclosures that could, over time, be increasingly relevant in the bankruptcy context.

**From.** Wulf A. Kaal, *Hedge Funds’ Systemic Risk Disclosures in Bankruptcy* (2013), IV. SYSTEMIC RISK DISCLOSURES IN BANKRUPTCY, page 32

**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.** generic disclosure mismatch with bankruptcy needs  (family: disclosure-ineffectiveness)

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

**Keywords.** form-pf, standardization, bankruptcy-relevance, disclosure-design

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