kaal:claim:2998097-016

The SEC's efforts to clarify and optimize the post Dodd-Frank framework cut both ways: they supported industry compliance with the revised standards while simultaneously creating uncertainty and higher costs for the industry.

At the same time, there is sufficient evidence in the findings of this study suggesting that the SEC's implementation and clarification of Dodd-Frank Act registration and reporting requirements for private funds also created uncertainty and higher costs for the industry.

Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017), IV.1.b Private Fund Industry Five Years After the Dodd-Frank Act, p. 23
https://ssrn.com/abstract=2998097 · source PDF

Wulf A. Kaal, Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016 (2017). SSRN: https://ssrn.com/abstract=2998097

• SEC implementation and clarification of Title IV registration and reporting rules

failuresupport: evidencedfailure: Clarification generates its own uncertainty and costfamily: compliance-cost-and-barrier-to-entrysecurities-lawcompliance

• supersedes kaal:claim:2732915-039 The SEC's clarifying and optimizing of the legal framework after the Dodd-Frank Act effectively supports the p...
• restates kaal:claim:2732915-040 The same SEC implementation and clarification of Dodd-Frank registration and reporting requirements that helps...
• extends kaal:claim:2732915-001 Five years after the Dodd-Frank Act, the private fund industry is most affected by the uncertainty and the hig...

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