# Exemptions

`kaal:entity:exemptions`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `exemptions`. 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 3 works, 2012 to 2016.

**2012**

- [2150377-008](https://wulfkaal.github.io/claims/2150377-008) [design/asserted] *(failure mode)* -- Because Title IV's registration exemptions are broad enough to threaten the rule they qualify, the Dodd-Frank Act deliberately gives the SEC rulemaking authority to keep the exemptions from swallowing the rules.
  > The Dodd-Frank Act also empowers the SEC to utilize its rulemaking authority to prevent the exemptions from registration to "swallow the rules."100
  Wulf A. Kaal, Hedge Fund Manager Registration Under the Dodd-Frank Act (2012). SSRN: https://ssrn.com/abstract=2150377

**2013**

- [2273857-038](https://wulfkaal.github.io/claims/2273857-038) [empirical/evidenced] *(failure mode)* -- The Jumpstart Our Business Startups Act exemptions for emerging growth companies from Section 404(b), from say-on-pay, and from pay ratio disclosure illustrate the post-crisis easing of constraints imposed on the financial services industry.
  > These exemptions again illustrate the easing of constraints imposed on the financial services industry after a crisis.
  Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

**2016**

- [2732915-009](https://wulfkaal.github.io/claims/2732915-009) [definitional/asserted] -- Title IV requires private fund advisers with more than $150 million in assets under management to register with the SEC as investment advisers.
  > Title IV requires private fund advisers with more than $150 million assets under management (AUM) to register with the SEC as investment advisers.
  Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016). SSRN: https://ssrn.com/abstract=2732915

## 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/exemptions.md | sha256sum

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