# kaal:claim:2447306-016

**Claim.** For quarterly filing larger private fund advisers, the SEC substantially overestimated the cost of subsequent Form PF filings; the survey's estimate is roughly half of what the SEC projected.

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

**Holds when.**

- subsequent Form PF filings by large advisers
- based on a small sample of larger advisers

**Source quote.**

> With regards to quarterly filing larger private fund advisers, however, the SEC appears to be substantially overestimating the cost of subsequent Form PF filings.

**From.** Wulf A. Kaal, *Private Fund Disclosures Under the Dodd-Frank Act* (2014), V. Results, 1. Form PF Compliance Cost, page 21

**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.** securities-law, private-funds, compliance

**Keywords.** sec-cost-estimates, regulatory-cost-benefit, form-pf, large-private-fund-advisers, compliance-cost

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