# Compliance hours

`kaal:entity:compliance-hours`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `compliance-hours`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 2 works, 2012 to 2016.

**2012**

- [2150377-024](https://wulfkaal.github.io/claims/2150377-024) [empirical/evidenced] -- The time burden of complying with all federal rules applicable to hedge fund advisers has a median of 500 hours per year, with three quarters of respondents at 750 hours or less and a quarter above that, so the burden distribution is skewed rather than uniform.
  > The median response was 500 hours per year. Seventy-five percent of respondents believed the federal rules would take 750 hours or less each year. On the other hand, 25% indicated the federal rules would require more than 750 hours.
  Wulf A. Kaal, Hedge Fund Manager Registration Under the Dodd-Frank Act (2012). SSRN: https://ssrn.com/abstract=2150377

**2016**

- [2739479-025](https://wulfkaal.github.io/claims/2739479-025) [mechanism/argued] -- The shift of reported compliance hours out of the 251 to 500 hour band and into the 100 to 250 hour band suggests the industry became more effective at satisfying Dodd-Frank reporting obligations between 2012 and 2015.
  > One possible explanation is that the industry became more effective in satisfying the reporting obligations of Dodd-Frank in the interim between 2012 and 2015.
  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
- [2739479-026](https://wulfkaal.github.io/claims/2739479-026) [condition/evidenced] -- 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.
  > 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.
  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

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/compliance-hours.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.