If compliance hour requirements are treated as a proxy for compliance cost, the survey data indicate that the cost of complying with all federal regulation, not just Dodd-Frank, increased between 2012 and 2015.
Source quote, verbatim
Assuming that compliance hour re- quirements are proxies for compliance costs, the comparative data in Figure 9, like that in Figure 7, suggest that the cost structure for all federal regulation increased between 2012 and 2015.
From
Wulf A. Kaal, The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2 (2016), IV.2. Compliance Costs, p. 39 https://ssrn.com/abstract=2739479 · source PDF
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Wulf A. Kaal, The Post Dodd-Frank Act Evolution of the Private Fund Industry Comparative Evidence from 2012 and 2 (2016). SSRN: https://ssrn.com/abstract=2739479
Holds when
conditional on hours being a valid proxy for cost
all federal regulation applicable to private fund advisers
extendskaal:claim:2150377-024 The time burden of complying with all federal rules applicable to hedge fund advisers has a median of 500 hour...
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