Despite an impending global recession and emerging political instability, the U.K. and the E.U. remain steadfast in their commitment to steadily modernizing and evolving their regulations affecting private fund managers. Regulatory authorities in the Middle East and North Africa (MENA) are doing the same, although with the added complexity of accommodating the unique features and needs of Shari’a-compliant funds that pervade that landscape. Those were some of the items discussed in a recent Morgan Lewis webinar featuring partners William Yonge, Kate Habershon and Alishia K. Sullivan. This second article in a two-part series evaluates developments in the marketing and environmental, social and governance (ESG) regimes in the U.K. and Europe, as well as the latest on Shari’a-compliant funds and ESG efforts in the MENA region. The first article considered investment restrictions and other impediments relevant to private funds from sanctions arising from the Ukraine/Russia war, as well as overall industry trends in Asia and emerging regulatory efforts occurring in Japan. See “The Ins and Outs of Global Fundraising for Fund Managers: The E.U. and the Middle East (Part One of Two)” (Jun. 7, 2018); and “Ways Fund Managers Can Adjust to Rapidly Changing Regulatory Frameworks in the Middle East and Europe” (Jul. 13, 2017).