The Draft Proposed Article establishes a regulatory framework governing specified activities and market conduct, setting out its purpose, scope and key definitions. It identifies persons and organisations subject to the rules, describes exemptions and application to cross‑border arrangements, and imposes duties including record‑keeping, transparency and mandatory reporting of specified events. The text requires impact assessments and sets standards for governance, risk management and data handling.

Enforcement measures include supervisory powers, administrative sanctions, civil penalties and criminal offences for serious breaches, together with investigatory powers and corrective orders. The Article provides for phased implementation, transitional arrangements, ongoing review and stakeholder consultation, and requires authorised bodies to publish guidance and compliance expectations.