The Draft Proposed Article establishes the purpose, scope and core definitions for the regulatory measure. It sets out obligations for regulated persons and organisations including risk assessment, record‑keeping, transparency and reporting duties, requirements for contractual allocation of responsibilities, and measures to protect third‑party rights. The Article addresses cross‑border application and interaction with existing domestic and international obligations.

Enforcement provisions confer supervisory powers on competent authorities, including inspection, information‑gathering and corrective orders, and specify civil and administrative sanctions with proportionality and procedural safeguards. The Article contains transitional arrangements, notice requirements, an obligation to review the measure within a stated timeframe, implementation timelines and mechanisms for co‑operation between authorities.