The Draft Proposed Article sets out scope and objectives, defines key terms and identifies the persons and organisations to which obligations will apply. It establishes primary duties including governance and risk management arrangements, requirements for record‑keeping and transparency, and specific notification and reporting obligations where relevant to the subject matter.

The Article describes supervisory and enforcement arrangements, including inspection powers, corrective directions, penalties and routes of appeal, and specifies timelines, transitional provisions and commencement dates. Annexes and schedules detail procedural requirements, prescribed forms and limited exceptions as set out in the text.