The draft proposed article establishes the purpose, scope and definitions for the instrument and sets out the principal obligations for regulated persons, including requirements on governance, risk management, record‑keeping, disclosures and consumer protection. It specifies mandatory reporting and notification duties, data retention standards and duties to prevent conflicts of interest and market abuse, together with prescribed formats and timelines for compliance actions.

The instrument outlines supervisory powers, enforcement tools and sanctions, including administrative fines and remedial measures, and provides for an implementation timetable with transitional provisions. It requires coordination with existing regulatory frameworks, sets out appeal routes and stakeholder consultation mechanisms and mandates periodic review of effectiveness and reporting to the competent authority.