It can sometimes be difficult for a fund manager to keep its proverbial “finger on the pulse” of regulatory technology (RegTech) because of how rapidly its functions and applications are expanding. When viewed holistically at a given moment, however, it is readily apparent that there is an array of ways RegTech can make compliance officers more efficient and effective at overseeing their firms’ practices. ACA Compliance Group (ACA) hosted a webinar aimed at providing a snapshot of the state of RegTech in the private funds industry and some potential future trends of note. The webinar featured Dan Campbell, partner and managing director; Raj Bakhru, partner and chief innovation officer; and Carlo di Florio, partner and global services officer. This second article in a two-part series details different compliance functions that can be addressed using RegTech, along with some emerging technologies that hold promise in the coming years. The first article summarized how RegTech has been adopted by fund managers and regulators in recent years, and potential future trends in the area. For additional commentary from ACA, see “The SEC Under the Biden Administration: Ten Areas to Watch” (Jan. 21, 2021).