# kaal:claim:2998097-025

**Claim.** If the FSOC relies on Form PF data that is subject to inaccuracies, because uncertain filers complete the form using estimates and assumptions, then the FSOC's own work on private funds may in turn be subject to errors.

**Type.** failure  **Support.** argued

**Holds when.**

- over 40 percent of surveyed filers disagreed with Form PF definitions or instructions

**Source quote.**

> If FSOC relied on Form PF data in its systemic risk assessment that is subject to inaccuracies, the paper suggested that it appeared possible that FSOC's work pertaining to private funds could in turn be subject to errors.149

**From.** Wulf A. Kaal, *Private Investment Fund Regulation - Theory and Empirical Evidence from 1998 to 2016* (2017), IV.2 Systemic Risk, page 36

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

**Verify.** sha256 of source PDF `0955054f49c7011d33c285579bb046e6b284e42755b10fd2546a728c202669d5` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Private%20Investment%20Fund%20Regulation%20-%20Theory%20and%20Empirical%20Evidence%20from%201998%20to%202016.pdf

**Failure mode.** Error propagation from filer uncertainty to regulator conclusions  (family: data-quality-and-comparability)

**Topics.** systemic-risk, private-funds, risk-and-incentives

**Keywords.** error-propagation, fsoc, form-pf, systemic-risk

**Related claims.**

- extends: https://wulfkaal.github.io/claims/2470008-037
- supports: https://wulfkaal.github.io/claims/2470008-040
- extends: https://wulfkaal.github.io/claims/2470008-036
- restates: https://wulfkaal.github.io/claims/2470008-033

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.