Reworded rules for clarity:

1. Min required length must be 8 chars (obligatory), but it should be 15 chars (recommended).
2. Max length should allow at least 64 chars.
3. You should accept all ASCII plus space.
4. You should accept Unicode; if doing so, you must count each code as one char.
5. Don't demand composition rules (e.g. "u're password requires a comma! lol lmao haha" tier idiocy)
6. Don't bug users to change passwords periodically. Only do it if there's evidence of compromise.
7. Don't store password hints that others can guess.
8. Don't prompt the user to use knowledge-based authentication.
9. Don't truncate passwords for verification.

I was expecting idiotic rules screaming "bureaucratic muppets don't know what they're legislating on", but instead what I'm seeing is surprisingly sane and sensible.