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In a Progress Report reviewing implementation of IOSCO's 2014 client asset protection recommendations, IOSCO concluded that a majority of participating jurisdictions have "generally adopted a client asset protection regime described by the Principles."
The 2014 report - "Recommendations Regarding the Protection of Client Assets" (the "Principles Report") - outlined guidance for regulators concerning the protection of client assets at regulated intermediaries. The guidance encompassed intermediary responsibilities for risk management systems and books and records requirements, and regulators' responsibilities to supervise intermediaries and facilitate regimes that ensure the effective protection of client assets. In the Progress Report, titled "Thematic Review of the Adoption of the Principles Set Forth in IOSCO's Report: Recommendations Regarding the Protection of Client Assets," IOSCO evaluated the participant jurisdictions based on their progress in adopting legislation, policies and regulations consistent with the Principles Report.
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