kaal:claim:2714974-012

The most pressing problem with Form PF identified by the majority of SEC registered hedge fund advisers is not the volume of data but the ambiguity of the data reporting requirements themselves.

The majority of SEC-registered hedge fund advisers identified the ambiguity of Form PF data reporting requirements as the most pressing issue (Kaal 2016b).

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016), Hedge Fund Mandatory Disclosure, p. 13
https://ssrn.com/abstract=2714974 · source PDF

Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2714974

• based on survey responses from SEC registered hedge fund advisers

failuresupport: evidencedfailure: Ambiguous reporting requirementsfamily: definitional-ambiguityprivate-fundsdisclosureempirical-evidence

• restates kaal:claim:2447306-023 Complaints about Form PF's ambiguity coexist with acceptance of its substance: the same majority that flagged ...
• restates kaal:claim:2447306-022 Asked what the SEC should fix first, respondents named the burdensome nature and the ambiguity of Form PF as t...
• restates kaal:claim:2348463-007 The SEC has not standardized the disclosures required in Form PF, and there is evidence that Form PF requireme...
• extends kaal:claim:2470008-029 More than forty percent of respondents in a prior study disagreed with the definitions or instructions in Form...

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