kaal:claim:2447306-014

Measured against this study's survey data, the SEC marginally overestimated the cost of the initial Form PF filing for both annually filing smaller advisers and quarterly filing larger advisers.

The cross-comparison suggests that the SEC may be marginally overestimating the cost of Form PF filings for both annually filing smaller private fund advisers and quarterly filing larger private fund advisers.

Wulf A. Kaal, Private Fund Disclosures Under the Dodd-Frank Act (2014), V. Results, 1. Form PF Compliance Cost, p. 20
https://ssrn.com/abstract=2447306 · source PDF

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

• comparison with SEC estimates in 76 Fed. Reg. 71128-01
• data for larger advisers rests on a small sample

empiricalsupport: evidencedsecurities-lawprivate-fundscomplianceempirical-evidence

• supported_by kaal:claim:2714974-010 The majority of hedge fund advisers spent less than $10,000 preparing their initial Form PF data reporting to ...

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