The Draft Proposed Article establishes purpose, scope and definitions for the proposed regulatory framework, and identifies the persons and organisations to which the rules apply. It sets out primary obligations including required policies and procedures, risk‑management and record‑keeping duties, notification and transparency requirements, specified exemptions and transitional arrangements.

Enforcement provisions address supervisory powers, sanctions, reporting and remediation duties, and rights of appeal. The Article prescribes compliance timelines, reporting formats and a consultation mechanism for implementation, and includes supplementary provisions on review, amendment and commencement.