This Draft Proposed Article establishes the legal framework, scope and definitions for the regulatory regime it creates. It sets out duties for regulated entities including governance requirements, risk‑based compliance obligations, record‑keeping, mandatory reporting and consumer‑protection measures; specifies application to different categories of persons and activities; and prescribes notice, disclosure and transparency obligations.

It provides supervisory powers, enforcement mechanisms and sanctions, including investigative and remedial powers, administrative fines and directions; details procedural safeguards, appeal routes and confidentiality protections; and includes transitional arrangements, commencement dates and a requirement for periodic review of the regime.