Canadian authorities have fared well in adopting global principles designed to ensure adequate protection of client assets, according to a review by an international body of securities regulators.

The International Organization of Securities Commissions (IOSCO) published a report on Thursday outlining the results of a review of the implementation of IOSCO principles on the protection of client assets. The review examined the progress of 36 countries in adopting legislation, regulation and other policies regarding intermediaries holding client assets, designed to ensure the protection of those assets.

The review reports that a majority of countries have “generally adopted” a client-asset protection regime that adheres to principles, although that progress varies by jurisdiction. Progress is most advanced in the European Union and North America, with Canada and the U.S. having taken measures to adopt the principles.

“In some other regions, including Latin America, implementation progress was less advanced,” the report stated.

A team of regulators, including representatives from the U.S., the U.K., Italy, India, the Netherlands and the IOSCO General Secretariat, carried out the review.