# kaal:claim:2447306-013

**Claim.** Form PF compliance cost is sharply size dependent: quarterly filing large funds spent on average $155,286 on the initial filing, roughly sixteen times the $9,520 average reported by annually filing smaller funds.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- initial Form PF filing
- small sample of large quarterly filers

**Source quote.**

> Quarterly filing large funds spent on average $155,286 for the initial filing of Form PF. By contrast, annually filing smaller funds only spend on average $9,520 for the first time filing of Form PF.

**From.** Wulf A. Kaal, *Private Fund Disclosures Under the Dodd-Frank Act* (2014), V. Results, 1. Form PF Compliance Cost, page 19

**Cite as.** Wulf A. Kaal, Private Fund Disclosures Under the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2447306

**Verify.** sha256 of source PDF `0c950d73240845e78faf1c3ca0ab820fcc50556faf7ff07f7f773d0876f0be8a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202014%20-%20Private%20Fund%20Disclosures%20Under%20the%20Dodd-Frank%20Act.pdf

**Topics.** compliance, private-funds, empirical-evidence

**Keywords.** compliance-cost, large-private-fund-advisers, form-pf, scale-effects, survey-results

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/2714974-011

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