# kaal:claim:2470008-032

**Claim.** Form PF instructions need clarification and its definitions, including those for RAUM and AUM, need improvement, since there is evidence that questions and definitions had to be optimized.

**Type.** design  **Support.** argued

**Holds when.**

- Form PF as currently drafted

**Source quote.**

> There is also evidence that Form PF questions and definitions had to be optimized, including performance information required by Form PF.177 Form PF instructions generally needs clarification and the definitions for RAUM/AUM in Form PF, among others, have to be improved.

**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

**Topics.** private-funds, dynamic-regulation

**Keywords.** form-pf, regulatory-design, raum, instructions, reform

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