This draft proposed article sets out the purpose, scope and definitions for a regulatory regime addressing specified activities and persons. It identifies authorised entities, excluded activities and territorial application, and states objectives of consumer protection, market integrity and operational resilience. The text includes interpretative provisions and references to interaction with existing legislation and transitional arrangements.

The article imposes duties on regulated entities concerning governance, risk management, conduct, recordkeeping and reporting, and prescribes authorisation and notification requirements for particular activities. It confers supervisory powers for inspection and information gathering, outlines enforcement measures including sanctions and remedial orders, and provides for staged commencement, review and savings clauses.