kaal:claim:2447306-030

Regulatory flexibility can backfire: a category of respondents reported that the flexibility the SEC provides is not useful precisely because it is unclear and generates confusion.

Another category of responses indicated that the flexibility provided by the SEC is not useful because it is not clear and creates confusion.

Wulf A. Kaal, Private Fund Disclosures Under the Dodd-Frank Act (2014), V. Results, 2. Shortcomings and SEC Guidance, p. 30
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

• minority of respondents to survey Question 7a(ii)
• low overall response rate to this question

failuresupport: evidencedfailure: flexibility-breeds-confusionfamily: definitional-ambiguityprivate-fundssecurities-lawcompliance

• extended_by kaal:claim:2470008-004 Even though the private fund industry broadly accepted Form PF, the form's core problems for the SEC are the a...

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