The Guidelines are applicable to all Institutions licensed and supervised by the Supervisory Authorities that are using, or intend to use, Enabling Technologies. Institutions are expected to consider the application of the Guidelines to their business activities in a manner that reflects the size and complexity of the Institution and the nature, scope, risk level, complexity and materiality of their Institution’s Innovative Activities. They are in addition to any binding regulations, standards, guidance, and other instructions issued by the relevant Supervisory Authorities, which shall take precedence over the Guidelines.