# kaal:claim:2470008-030

**Claim.** The Form PF definition of Regulatory Assets under Management is the leading example of a definition that forced filers to interpret what they were required to report.

**Type.** failure  **Support.** evidenced

**Holds when.**

- RAUM reporting under Form PF

**Source quote.**

> Especially the definition of Regulatory Assets under Management (RAUM), as required by Form PF, required filers to interpret what they were required to report.

**From.** Wulf A. Kaal, *The Systemic Risk of Private Funds after the Dodd-Frank Act* (2014), 1. Sub-optimality of Systemic Risk Data

**Cite as.** Wulf A. Kaal, The Systemic Risk of Private Funds after the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2470008

**Verify.** sha256 of source PDF `5f68a401c935527d89658171e9b48a4d186710459aaf2bdbead755507394e8c9` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202014%20-%20The%20Systemic%20Risk%20of%20Private%20Funds%20after%20the%20Dodd-Frank%20Act.pdf

**Failure mode.** RAUM definition requires filer interpretation  (family: definitional-ambiguity)

**Topics.** private-funds, disclosure

**Keywords.** raum, form-pf, definitional-ambiguity, data-quality, disclosure

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2447306-025

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