New principles for supervising commodity derivatives markets have largely been implemented, according to a report published Monday from the International Organization of Securities Commissions Organizations (IOSCO).

IOSCO members are “broadly compliant” with its updated principles for regulating commodity derivatives markets, the report finds.

The revised principles were adopted in 2010, as part of efforts to ensure that those markets are “able to facilitate price discovery and hedging activity while avoiding manipulation and abusive trading.”

“Today’s report shows that IOSCO members have made substantial progress towards achieving full compliance and, in many cases, have strengthened their implementation of the principles,” IOSCO says in news release.