kaal:claim:2447306-018

The SEC's time burden estimates for Form PF are miscalibrated in the same direction as its cost estimates for large filers: the study's data suggest the agency overestimates the hours larger private fund advisers need.

However, the relatively small sample of quarterly filing larger private fund advisers in this study suggest that the SEC may be overestimating the time requirements of Form PF filings for larger private fund advisers.

Wulf A. Kaal, Private Fund Disclosures Under the Dodd-Frank Act (2014), V. Results, 1. Form PF Compliance Cost, p. 23
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

• relatively small sample of quarterly filing larger private fund advisers

empiricalsupport: evidencedsecurities-lawcomplianceprivate-fundsempirical-evidence

The quote above is an exact substring of the source PDF, whose sha256 is 0c950d73240845e78faf1c3ca0ab820fcc50556faf7ff07f7f773d0876f0be8a. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/d5d2c878b0bd96b7...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2447306-018.md | sha256sum