The draft proposed article establishes regulatory obligations for operators within the specified sector, defining scope, key terms and prohibited conduct. It sets out duties on due diligence, record‑keeping, risk assessment and notification of breaches, and prescribes criteria for authorisation and licensing. The text includes definitions of covered activities, persons and thresholds and describes exceptions and limited exemptions.

Enforcement provisions allocate powers to the designated regulator to issue directions, impose administrative sanctions and seek injunctive relief; criminal offences and financial penalties are specified for wilful non‑compliance. The draft mandates periodic reporting, compliance reviews and a staged commencement with transitional measures, and requires the regulator to publish guidance and conduct periodic reviews of the article’s operation.