KPMG’s tenth edition of its Evolving Asset Management Regulation report (Report) surveys the current state of – and changes to – global regulations that affect asset managers. Subtitled “Supporting growth and ensuring care,” the Report states that “regulatory agendas have not changed, only relative priorities and perspectives.” It concludes that parties must “embrace the evolving new reality, including an increasingly digital society, changes to working practices, demands for sustainable finance and greater awareness of global interconnectedness.” This two-part series discusses the key takeaways from the Report, with additional insights from survey author Julie Patterson, KPMG head of asset management, regulatory change, financial services risk & regulatory insight center. This second article explores fee and expense disclosures; the end of the London Interbank Offered Rate; capital markets rules; responsible investing; new investment vehicles and broadening investor base; and market access issues. The first article covered the report’s findings on the impact of the pandemic on regulation; liquidity risk, valuation and leverage; operational resiliency; anti-money laundering; and the fiduciary duty. For coverage of other KPMG reports, see “AIFMD’s Efficacy Five Years After Implementation” (May 30, 2019); and “Key Developments in Hedge Fund Regulation in the Americas, the Asia-Pacific Region, Europe, South Africa and the Middle East” (Sep. 4, 2014).