In this issue:

- Form PF: Private Fund Systemic Risk Reporting in the United States p. 1

- Harmony or Dissonance: A Comparison of Form PF and the Template Reporting Form Proposed in ESMA’s Level II Advice p. 4

- Germany: Transparent Investments in Hedge Funds via a Managed Account Platform p. 8

- Cybersecurity: It’s Not Just for Geeks p. 12

- The New Irish Fitness and Probity Regime and its Application to Investment Funds p. 14

- UCITS IV and AIFM: Two Directives that Pose a Tax Brain Teaser in France p. 18

- Recent Developments in the Luxembourg Financial Sector p. 20

- Proposals for OTC Derivatives Regulation in Hong Kong p. 22

- Russian Foreign Strategic Investments Law: A Step Forward on the Way to Liberalization or a Decorative Dash? p. 25

- Upcoming and Recent Events p. 28