The draft proposed article defines its purpose, scope and key definitions, establishing the regulatory objectives and the classes of persons and activities to which it will apply. It sets out core obligations including requirements for records, reporting, transparency and internal controls, and specifies duties for senior management and accountable persons in relation to compliance, risk management and consumer protection.

The draft provides enforcement and supervisory provisions, including powers to investigate, require information, impose sanctions and seek remedies, together with procedural safeguards. It includes transitional arrangements, commencement provisions and authority for subordinate instruments to give effect to operational detail.