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.

Source quote, verbatim

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.

From

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

Cite as

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

Holds when

relatively small sample of quarterly filing larger private fund advisers

Classification

empiricalsupport: evidencedsecurities-lawcomplianceprivate-fundsempirical-evidence

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