A panel at a recent Morgan Lewis conference discussed relevant regulatory updates and key trends in Europe; the Middle East and North Africa; Japan; and the rest of Asia (excluding China). The program highlighted the ways in which different regulators are focused on their own jurisdictions or looking to harmonize with other regions and support incomers, and also discussed recent trends such as sovereign wealth funds keeping capital within their nations and the rise of tokenization. The panel featured Morgan Lewis partners Ayman A. Khaleq, Steven Lightstone, Divya Thakur and Carol Tsuchida. This article summarizes the key takeaways for private fund managers. For additional insights from Morgan Lewis, see our two-part series: “LP Perspective on Negotiating PE Terms and Structuring Bespoke Vehicles” (Feb. 1, 2022); and “Tax Issues, China, Trade and Sanctions” (Feb. 8, 2022).