kaal:claim:2732915-025

Reported compliance time tracks reported compliance cost: a clear majority of adviser respondents spent fewer than 500 hours complying with Title IV, while a noticeable minority of 11.5 percent estimated more than 1000 hours.

estimates pertaining to compliance time are consistent with their estimates pertaining to compliance cost. Although a clear majority of adviser respondents spent fewer than 500 hours to comply with Title IV, a noticeable minority (11.5%) estimated compliance time at more than 1000 hours.

Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016), V. Discussion and Conclusion, 1. Summary of Key Findings, p. 35
https://ssrn.com/abstract=2732915 · source PDF

Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016). SSRN: https://ssrn.com/abstract=2732915

• N=69 survey respondents
• time treated as a proxy for cost

empiricalsupport: evidencedcomplianceempirical-evidence

• restates kaal:claim:2389423-027 On the median annual time measure for Title IV compliance, 46 percent of respondents estimated between 100 and...

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