# kaal:claim:2447306-021

**Claim.** The dominant driver of Form PF time consumption is data gathering rather than form completion: 36 percent of respondents named data gathering as the task consuming most of their time, followed by delta options and ambiguous questions or unclear instructions.

**Type.** mechanism  **Support.** evidenced

**Holds when.**

- open-ended responses to survey Question 14b

**Source quote.**

> The majority of respondents (36%) identified "Data Gathering" as the task on which they spent the majority of their time, followed by references to "Delta Options" and "Ambiguous questions / unclear instructions".

**From.** Wulf A. Kaal, *Private Fund Disclosures Under the Dodd-Frank Act* (2014), V. Results, 1. Form PF Compliance Cost, page 24

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

**Keywords.** data-gathering, form-pf, compliance-burden, ambiguity, survey-results

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