diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-04-01-preview/examples/ApiManagementGetPolicyFormat.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-04-01-preview/examples/ApiManagementGetPolicyFormat.json
index eef4d1a08cd6..c204f92228fb 100644
--- a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-04-01-preview/examples/ApiManagementGetPolicyFormat.json
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-04-01-preview/examples/ApiManagementGetPolicyFormat.json
@@ -15,7 +15,7 @@
         "name": "policy",
         "properties": {
           "format": "rawxml",
-          "value": "<!--\n    IMPORTANT:\n    - Policy elements can appear only within the <inbound>, <outbound>, <backend> section elements.\n    - Only the <forward-request> policy element can appear within the <backend> section element.\n    - To apply a policy to the incoming request (before it is forwarded to the backend service), place a corresponding policy element within the <inbound> section element.\n    - To apply a policy to the outgoing response (before it is sent back to the caller), place a corresponding policy element within the <outbound> section element.\n    - To add a policy position the cursor at the desired insertion point and click on the round button associated with the policy.\n    - To remove a policy, delete the corresponding policy statement from the policy document.\n    - Policies are applied in the order of their appearance, from the top down.\n-->\r\n<policies>\r\n\t<inbound>\r\n\t\t<set-header name=\"correlationid\" exists-action=\"skip\">\r\n\t\t\t<value>@{\n                var guidBinary = new byte[16];\n                Array.Copy(Guid.NewGuid().ToByteArray(), 0, guidBinary, 0, 10);\n                long time = DateTime.Now.Ticks;\n                byte[] bytes = new byte[6];\n                unchecked\n                {\n                       bytes[5] = (byte)(time >> 40);\n                       bytes[4] = (byte)(time >> 32);\n                       bytes[3] = (byte)(time >> 24);\n                       bytes[2] = (byte)(time >> 16);\n                       bytes[1] = (byte)(time >> 8);\n                       bytes[0] = (byte)(time);\n                }\n                Array.Copy(bytes, 0, guidBinary, 10, 6);\n                return new Guid(guidBinary).ToString();\n            }\n            </value>\r\n\t\t</set-header>\r\n\t</inbound>\r\n\t<backend>\r\n\t\t<forward-request />\r\n\t</backend>\r\n\t<outbound />\r\n\t<on-error />\r\n</policies>"
+          "value": "<!--\n    IMPORTANT:\n    - Policy elements can appear only within the <inbound>, <outbound>, <backend> section elements.\n    - Only the <forward-request> policy element can appear within the <backend> section element.\n    - To apply a policy to the incoming request (before it is forwarded to the backend service), place a corresponding policy element within the <inbound> section element.\n    - To apply a policy to the outgoing response (before it is sent back to the caller), place a corresponding policy element within the <outbound> section element.\n    - To add a policy position the cursor at the desired insertion point and click on the round button associated with the policy.\n    - To remove a policy, delete the corresponding policy statement from the policy document.\n    - Policies are applied in the order of their appearance, from the top down.\n-->\r\n<fragment><policies>\r\n\t<inbound>\r\n\t\t<set-header name=\"correlationid\" exists-action=\"skip\">\r\n\t\t\t<value>@{\n                var guidBinary = new byte[16];\n                Array.Copy(Guid.NewGuid().ToByteArray(), 0, guidBinary, 0, 10);\n                long time = DateTime.Now.Ticks;\n                byte[] bytes = new byte[6];\n                unchecked\n                {\n                       bytes[5] = (byte)(time >> 40);\n                       bytes[4] = (byte)(time >> 32);\n                       bytes[3] = (byte)(time >> 24);\n                       bytes[2] = (byte)(time >> 16);\n                       bytes[1] = (byte)(time >> 8);\n                       bytes[0] = (byte)(time);\n                }\n                Array.Copy(bytes, 0, guidBinary, 10, 6);\n                return new Guid(guidBinary).ToString();\n            }\n            </value>\r\n\t\t</set-header>\r\n\t</inbound>\r\n\t<backend>\r\n\t\t<forward-request />\r\n\t</backend>\r\n\t<outbound />\r\n\t<on-error />\r\n</policies></fragment>"
         }
       }
     }
diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/apimanagement.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/apimanagement.json
index 1270de56ffa8..a17091dff540 100644
--- a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/apimanagement.json
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/apimanagement.json
@@ -542,6 +542,44 @@
       },
       "x-ms-parameter-location": "method"
     },
+    "IdParameter": {
+      "name": "id",
+      "in": "path",
+      "required": true,
+      "type": "string",
+      "description": "A resource identifier.",
+      "minLength": 1,
+      "maxLength": 80,
+      "pattern": "(^[\\w]+$)|(^[\\w][\\w\\-]+[\\w]$)",
+      "x-ms-parameter-location": "method"
+    },
+    "PolicyFragmentContentFormat": {
+      "name": "format",
+      "in": "query",
+      "required": false,
+      "type": "string",
+      "description": "Policy fragment content format.",
+      "enum": [
+        "xml",
+        "rawxml"
+      ],
+      "x-ms-enum": {
+        "name": "PolicyFragmentContentFormat",
+        "modelAsString": true,
+        "values": [
+          {
+            "value": "xml",
+            "description": "The contents are inline and Content type is an XML document."
+          },
+          {
+            "value": "rawxml",
+            "description": "The contents are inline and Content type is a non XML encoded policy document."
+          }
+        ]
+      },
+      "default": "xml",
+      "x-ms-parameter-location": "method"
+    },
     "PortalRevisionIdParameter": {
       "name": "portalRevisionId",
       "in": "path",
@@ -607,17 +645,6 @@
       "description": "The name of the resource group.",
       "x-ms-parameter-location": "method"
     },
-    "SchemaIdParameter": {
-      "name": "schemaId",
-      "in": "path",
-      "required": true,
-      "type": "string",
-      "description": "Schema identifier within an API. Must be unique in the current API Management service instance.",
-      "minLength": 1,
-      "maxLength": 80,
-      "pattern": "^[^*#&+:<>?]+$",
-      "x-ms-parameter-location": "method"
-    },
     "ServiceNameParameter": {
       "name": "serviceName",
       "in": "path",
@@ -765,6 +792,16 @@
       "minLength": 1,
       "maxLength": 80,
       "x-ms-parameter-location": "method"
+    },
+    "SchemaIdParameter": {
+      "name": "schemaId",
+      "in": "path",
+      "required": true,
+      "type": "string",
+      "description": "Schema id identifier. Must be unique in the current API Management service instance.",
+      "minLength": 1,
+      "maxLength": 80,
+      "x-ms-parameter-location": "method"
     }
   }
 }
diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/apimpolicyfragments.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/apimpolicyfragments.json
new file mode 100644
index 000000000000..08505f2dd781
--- /dev/null
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/apimpolicyfragments.json
@@ -0,0 +1,382 @@
+{
+  "swagger": "2.0",
+  "info": {
+    "title": "ApiManagementClient",
+    "description": "REST API for performing operations on policy fragments in an Azure API Management deployment.",
+    "version": "2021-12-01-preview"
+  },
+  "host": "management.azure.com",
+  "schemes": [
+    "https"
+  ],
+  "consumes": [
+    "application/json"
+  ],
+  "produces": [
+    "application/json"
+  ],
+  "security": [
+    {
+      "azure_auth": [
+        "user_impersonation"
+      ]
+    }
+  ],
+  "securityDefinitions": {
+    "azure_auth": {
+      "type": "oauth2",
+      "authorizationUrl": "https://login.microsoftonline.com/common/oauth2/authorize",
+      "flow": "implicit",
+      "description": "Azure Active Directory OAuth2 Flow.",
+      "scopes": {
+        "user_impersonation": "impersonate your user account"
+      }
+    }
+  },
+  "paths": {
+    "/subscriptions/{subscriptionId}/resourceGroups/{resourceGroupName}/providers/Microsoft.ApiManagement/service/{serviceName}/policyFragments": {
+      "get": {
+        "tags": [
+          "PolicyFragment"
+        ],
+        "operationId": "PolicyFragment_ListByService",
+        "description": "Gets all policy fragments.",
+        "x-ms-examples": {
+          "ApiManagementListPolicyFragments": {
+            "$ref": "./examples/ApiManagementListPolicyFragments.json"
+          }
+        },
+        "parameters": [
+          {
+            "$ref": "./apimanagement.json#/parameters/ResourceGroupNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ServiceNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ApiVersionParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/SubscriptionIdParameter"
+          },
+          {
+            "name": "$filter",
+            "in": "query",
+            "required": false,
+            "type": "string",
+            "description": "|     Field     |     Usage     |     Supported operators     |     Supported functions     |</br>|-------------|-------------|-------------|-------------|</br>| name | filter, orderBy | ge, le, eq, ne, gt, lt | substringof, contains, startswith, endswith |</br>| description | filter | ge, le, eq, ne, gt, lt | substringof, contains, startswith, endswith |</br>| value | filter | ge, le, eq, ne, gt, lt | substringof, contains, startswith, endswith |</br>"
+          },
+          {
+            "name": "$orderby",
+            "in": "query",
+            "required": false,
+            "type": "string",
+            "description": "OData order by query option."
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/TopQueryParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/SkipQueryParameter"
+          }
+        ],
+        "responses": {
+          "200": {
+            "description": "Successfully returned an array of policy fragments.",
+            "schema": {
+              "$ref": "./definitions.json#/definitions/PolicyFragmentCollection"
+            }
+          },
+          "default": {
+            "description": "Error response describing why the operation failed.",
+            "schema": {
+              "$ref": "./apimanagement.json#/definitions/ErrorResponse"
+            }
+          }
+        }
+      }
+    },
+    "/subscriptions/{subscriptionId}/resourceGroups/{resourceGroupName}/providers/Microsoft.ApiManagement/service/{serviceName}/policyFragments/{id}": {
+      "head": {
+        "tags": [
+          "PolicyFragment"
+        ],
+        "operationId": "PolicyFragment_GetEntityTag",
+        "description": "Gets the entity state (Etag) version of a policy fragment.",
+        "x-ms-examples": {
+          "ApiManagementHeadPolicyFragment": {
+            "$ref": "./examples/ApiManagementHeadPolicyFragment.json"
+          }
+        },
+        "parameters": [
+          {
+            "$ref": "./apimanagement.json#/parameters/ResourceGroupNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ServiceNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/IdParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ApiVersionParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/SubscriptionIdParameter"
+          }
+        ],
+        "responses": {
+          "200": {
+            "description": "The specified policy fragment exists and the current entity state version is present in the ETag header.",
+            "headers": {
+              "ETag": {
+                "description": "Current entity state version. Should be treated as opaque and used to make conditional HTTP requests.",
+                "type": "string"
+              }
+            }
+          },
+          "default": {
+            "description": "Error response describing why the operation failed.",
+            "schema": {
+              "$ref": "./apimanagement.json#/definitions/ErrorResponse"
+            }
+          }
+        }
+      },
+      "get": {
+        "tags": [
+          "PolicyFragment"
+        ],
+        "operationId": "PolicyFragment_Get",
+        "description": "Gets a policy fragment.",
+        "x-ms-examples": {
+          "ApiManagementGetPolicyFragment": {
+            "$ref": "./examples/ApiManagementGetPolicyFragment.json"
+          },
+          "ApiManagementGetPolicyFragmentFormat": {
+            "$ref": "./examples/ApiManagementGetPolicyFragmentFormat.json"
+          }
+        },
+        "parameters": [
+          {
+            "$ref": "./apimanagement.json#/parameters/ResourceGroupNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ServiceNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/IdParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ApiVersionParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/SubscriptionIdParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/PolicyFragmentContentFormat"
+          }
+        ],
+        "responses": {
+          "200": {
+            "description": "Successfully returned a policy fragment.",
+            "schema": {
+              "$ref": "./definitions.json#/definitions/PolicyFragmentContract"
+            },
+            "headers": {
+              "ETag": {
+                "description": "Current entity state version. Should be treated as opaque and used to make conditional HTTP requests.",
+                "type": "string"
+              }
+            }
+          },
+          "default": {
+            "description": "Error response describing why the operation failed.",
+            "schema": {
+              "$ref": "./apimanagement.json#/definitions/ErrorResponse"
+            }
+          }
+        }
+      },
+      "put": {
+        "tags": [
+          "PolicyFragment"
+        ],
+        "operationId": "PolicyFragment_CreateOrUpdate",
+        "description": "Creates or updates a policy fragment.",
+        "x-ms-examples": {
+          "ApiManagementCreatePolicy": {
+            "$ref": "./examples/ApiManagementCreatePolicyFragment.json"
+          }
+        },
+        "parameters": [
+          {
+            "$ref": "./apimanagement.json#/parameters/ResourceGroupNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ServiceNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/IdParameter"
+          },
+          {
+            "name": "parameters",
+            "in": "body",
+            "required": true,
+            "schema": {
+              "$ref": "./definitions.json#/definitions/PolicyFragmentContract"
+            },
+            "description": "The policy fragment contents to apply."
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/IfMatchOptionalParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ApiVersionParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/SubscriptionIdParameter"
+          }
+        ],
+        "responses": {
+          "200": {
+            "description": "The policy fragment was successfully updated.",
+            "schema": {
+              "$ref": "./definitions.json#/definitions/PolicyFragmentContract"
+            },
+            "headers": {
+              "ETag": {
+                "description": "Current entity state version",
+                "type": "string"
+              }
+            }
+          },
+          "201": {
+            "description": "The policy fragment was successfully created.",
+            "schema": {
+              "$ref": "./definitions.json#/definitions/PolicyFragmentContract"
+            },
+            "headers": {
+              "ETag": {
+                "description": "Current entity state version. Should be treated as opaque and used to make conditional HTTP requests.",
+                "type": "string"
+              }
+            }
+          },
+          "202": {
+            "description": "Request to create or update the policy fragment was accepted. Location header contains the URL where the status of the long running operation can be checked."
+          },
+          "default": {
+            "description": "Error response describing why the operation failed.",
+            "schema": {
+              "$ref": "./apimanagement.json#/definitions/ErrorResponse"
+            }
+          }
+        },
+        "x-ms-long-running-operation": true,
+        "x-ms-long-running-operation-options": {
+          "final-state-via": "location"
+        }
+      },
+      "delete": {
+        "tags": [
+          "PolicyFragment"
+        ],
+        "operationId": "PolicyFragment_Delete",
+        "description": "Deletes a policy fragment.",
+        "x-ms-examples": {
+          "ApiManagementDeletePolicy": {
+            "$ref": "./examples/ApiManagementDeletePolicyFragment.json"
+          }
+        },
+        "parameters": [
+          {
+            "$ref": "./apimanagement.json#/parameters/ResourceGroupNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ServiceNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/IdParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/IfMatchRequiredParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ApiVersionParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/SubscriptionIdParameter"
+          }
+        ],
+        "responses": {
+          "200": {
+            "description": "The policy fragment was successfully removed."
+          },
+          "204": {
+            "description": "The policy fragment successfully removed by previous request or does not exist."
+          },
+          "default": {
+            "description": "Error response describing why the operation failed.",
+            "schema": {
+              "$ref": "./apimanagement.json#/definitions/ErrorResponse"
+            }
+          }
+        }
+      }
+    },
+    "/subscriptions/{subscriptionId}/resourceGroups/{resourceGroupName}/providers/Microsoft.ApiManagement/service/{serviceName}/policyFragments/{id}/listReferences": {
+      "post": {
+        "tags": [
+          "PolicyFragment"
+        ],
+        "operationId": "PolicyFragment_ListReferences",
+        "description": "Lists policy resources that reference the policy fragment.",
+        "x-ms-examples": {
+          "ApiManagementListPolicyFragmentReferences": {
+            "$ref": "./examples/ApiManagementListPolicyFragmentReferences.json"
+          }
+        },
+        "parameters": [
+          {
+            "$ref": "./apimanagement.json#/parameters/ResourceGroupNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ServiceNameParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/IdParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/ApiVersionParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/SubscriptionIdParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/TopQueryParameter"
+          },
+          {
+            "$ref": "./apimanagement.json#/parameters/SkipQueryParameter"
+          }
+        ],
+        "responses": {
+          "200": {
+            "description": "Successfully returned an array of references to policy resources that include the policy fragment in their definitions.",
+            "schema": {
+              "$ref": "./definitions.json#/definitions/ResourceCollection"
+            }
+          },
+          "default": {
+            "description": "Error response describing why the operation failed.",
+            "schema": {
+              "$ref": "./apimanagement.json#/definitions/ErrorResponse"
+            }
+          }
+        }
+      }
+    }
+  },
+  "definitions": {},
+  "parameters": {}
+}
diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/definitions.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/definitions.json
index c83de02306cb..8f8f57a4356e 100644
--- a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/definitions.json
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/definitions.json
@@ -3908,6 +3908,108 @@
       },
       "description": "Descriptions of APIM policies."
     },
+    "PolicyFragmentCollection": {
+      "properties": {
+        "value": {
+          "type": "array",
+          "items": {
+            "$ref": "#/definitions/PolicyFragmentContract"
+          },
+          "description": "Policy fragment contract value."
+        },
+        "count": {
+          "type": "integer",
+          "format": "int64",
+          "description": "Total record count number."
+        },
+        "nextLink": {
+          "type": "string",
+          "description": "Next page link if any."
+        }
+      },
+      "description": "The response of the get policy fragments operation."
+    },
+    "PolicyFragmentContract": {
+      "properties": {
+        "properties": {
+          "x-ms-client-flatten": true,
+          "$ref": "#/definitions/PolicyFragmentContractProperties",
+          "description": "Properties of the Policy Fragment."
+        }
+      },
+      "allOf": [
+        {
+          "$ref": "./../../../../../common-types/resource-management/v2/types.json#/definitions/Resource"
+        }
+      ],
+      "description": "Policy fragment contract details."
+    },
+    "PolicyFragmentContractProperties": {
+      "properties": {
+        "value": {
+          "type": "string",
+          "description": "Contents of the policy fragment."
+        },
+        "description": {
+          "type": "string",
+          "description": "Policy fragment description.",
+          "minLength": 0,
+          "maxLength": 1000
+        },
+        "format": {
+          "type": "string",
+          "description": "Format of the policy fragment content.",
+          "enum": [
+            "xml",
+            "rawxml"
+          ],
+          "x-ms-enum": {
+            "name": "PolicyFragmentContentFormat",
+            "modelAsString": true,
+            "values": [
+              {
+                "value": "xml",
+                "description": "The contents are inline and Content type is an XML document."
+              },
+              {
+                "value": "rawxml",
+                "description": "The contents are inline and Content type is a non XML encoded policy document."
+              }
+            ]
+          },
+          "default": "xml"
+        }
+      },
+      "required": [
+        "value"
+      ],
+      "description": "Policy fragment contract properties."
+    },
+    "ResourceCollection": {
+      "properties": {
+        "value": {
+          "type": "array",
+          "items": {
+            "allOf": [
+              {
+                "$ref": "./../../../../../common-types/resource-management/v2/types.json#/definitions/Resource"
+              }
+            ]
+          },
+          "description": "A collection of resources."
+        },
+        "count": {
+          "type": "integer",
+          "format": "int64",
+          "description": "Total record count number."
+        },
+        "nextLink": {
+          "type": "string",
+          "description": "Next page link if any."
+        }
+      },
+      "description": "A collection of resources."
+    },
     "PortalDelegationSettings": {
       "properties": {
         "properties": {
diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementCreatePolicyFragment.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementCreatePolicyFragment.json
new file mode 100644
index 000000000000..6e9a11f9ff73
--- /dev/null
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementCreatePolicyFragment.json
@@ -0,0 +1,47 @@
+{
+  "parameters": {
+    "serviceName": "apimService1",
+    "resourceGroupName": "rg1",
+    "api-version": "2021-12-01-preview",
+    "subscriptionId": "subid",
+    "id": "policyFragment1",
+    "parameters": {
+      "properties": {
+        "format": "xml",
+        "description": "A policy fragment example",
+        "value": "<fragment><json-to-xml apply=\"always\" consider-accept-header=\"false\" /></fragment>"
+      }
+    }
+  },
+  "responses": {
+    "200": {
+      "body": {
+        "id": "/subscriptions/subid/resourceGroups/rg1/providers/Microsoft.ApiManagement/service/apimService1/policyFragments/policyFragment1",
+        "type": "Microsoft.ApiManagement/service/policyFragments",
+        "name": "policyFragment1",
+        "properties": {
+          "format": "xml",
+          "description": "A policy fragment example",
+          "value": "<json-to-xml apply=\"always\" consider-accept-header=\"false\" />"
+        }
+      }
+    },
+    "201": {
+      "body": {
+        "id": "/subscriptions/subid/resourceGroups/rg1/providers/Microsoft.ApiManagement/service/apimService1/policyFragments/policyFragment1",
+        "type": "Microsoft.ApiManagement/service/policyFragments",
+        "name": "policyFragment1",
+        "properties": {
+          "format": "xml",
+          "description": "A policy fragment example",
+          "value": "<json-to-xml apply=\"always\" consider-accept-header=\"false\" />"
+        }
+      }
+    },
+    "202": {
+      "headers": {
+        "location": "https://management.azure.com/subscriptions/subid/resourcegroups/rg1/providers/Microsoft.ApiManagement/service/apimService1/policyFragments/policyFragment1?api-version=2021-12-01-preview&asyncId=5c730e343244df1b9cb56e85&asyncCode=201"
+      }
+    }
+  }
+}
diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementDeletePolicyFragment.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementDeletePolicyFragment.json
new file mode 100644
index 000000000000..3e418d05b410
--- /dev/null
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementDeletePolicyFragment.json
@@ -0,0 +1,14 @@
+{
+  "parameters": {
+    "serviceName": "apimService1",
+    "resourceGroupName": "rg1",
+    "api-version": "2021-12-01-preview",
+    "subscriptionId": "subid",
+    "id": "policyFragment1",
+    "If-Match": "*"
+  },
+  "responses": {
+    "200": {},
+    "204": {}
+  }
+}
diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementGetPolicyFragment.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementGetPolicyFragment.json
new file mode 100644
index 000000000000..84199326ea79
--- /dev/null
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementGetPolicyFragment.json
@@ -0,0 +1,23 @@
+{
+  "parameters": {
+    "serviceName": "apimService1",
+    "resourceGroupName": "rg1",
+    "api-version": "2021-12-01-preview",
+    "subscriptionId": "subid",
+    "id": "policyFragment1"
+  },
+  "responses": {
+    "200": {
+      "body": {
+        "id": "/subscriptions/subid/resourceGroups/rg1/providers/Microsoft.ApiManagement/service/apimService1/policyFragments/policyFragment1",
+        "type": "Microsoft.ApiManagement/service/policyFragments",
+        "name": "policyFragment1",
+        "properties": {
+          "format": "xml",
+          "description": "A policy fragment example",
+          "value": "<fragment><json-to-xml apply=\"always\" consider-accept-header=\"false\" /></fragment>"
+        }
+      }
+    }
+  }
+}
diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementGetPolicyFragmentFormat.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementGetPolicyFragmentFormat.json
new file mode 100644
index 000000000000..1c04fba3275c
--- /dev/null
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementGetPolicyFragmentFormat.json
@@ -0,0 +1,24 @@
+{
+  "parameters": {
+    "serviceName": "apimService1",
+    "resourceGroupName": "rg1",
+    "api-version": "2021-12-01-preview",
+    "subscriptionId": "subid",
+    "id": "policyFragment1",
+    "format": "rawxml"
+  },
+  "responses": {
+    "200": {
+      "body": {
+        "id": "/subscriptions/subid/resourceGroups/rg1/providers/Microsoft.ApiManagement/service/apimService1/policyFragments/policyFragment1",
+        "type": "Microsoft.ApiManagement/service/policyFragments",
+        "name": "policyFragment1",
+        "properties": {
+          "format": "rawxml",
+          "description": "A policy fragment example",
+          "value": "<fragment><set-header name=\"correlationid\" exists-action=\"skip\">\r\n\t\t\t<value>@{\n                var guidBinary = new byte[16];\n                Array.Copy(Guid.NewGuid().ToByteArray(), 0, guidBinary, 0, 10);\n                long time = DateTime.Now.Ticks;\n                byte[] bytes = new byte[6];\n                unchecked\n                {\n                       bytes[5] = (byte)(time >> 40);\n                       bytes[4] = (byte)(time >> 32);\n                       bytes[3] = (byte)(time >> 24);\n                       bytes[2] = (byte)(time >> 16);\n                       bytes[1] = (byte)(time >> 8);\n                       bytes[0] = (byte)(time);\n                }\n                Array.Copy(bytes, 0, guidBinary, 10, 6);\n                return new Guid(guidBinary).ToString();\n            }\n            </value>\r\n\t\t</set-header></fragment>"
+        }
+      }
+    }
+  }
+}
diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementHeadPolicyFragment.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementHeadPolicyFragment.json
new file mode 100644
index 000000000000..1898dfe953b6
--- /dev/null
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementHeadPolicyFragment.json
@@ -0,0 +1,16 @@
+{
+  "parameters": {
+    "serviceName": "apimService1",
+    "resourceGroupName": "rg1",
+    "api-version": "2021-12-01-preview",
+    "subscriptionId": "subid",
+    "id": "policyFragment1"
+  },
+  "responses": {
+    "200": {
+      "headers": {
+        "etag": "AAAAAAAAAAa="
+      }
+    }
+  }
+}
diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementListPolicyFragmentReferences.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementListPolicyFragmentReferences.json
new file mode 100644
index 000000000000..2a60cbcfe8a7
--- /dev/null
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementListPolicyFragmentReferences.json
@@ -0,0 +1,24 @@
+{
+  "parameters": {
+    "serviceName": "apimService1",
+    "resourceGroupName": "rg1",
+    "api-version": "2021-12-01-preview",
+    "subscriptionId": "subid",
+    "id": "policyFragment1"
+  },
+  "responses": {
+    "200": {
+      "body": {
+        "value": [
+          {
+            "id": "/subscriptions/subid/resourceGroups/rg1/providers/Microsoft.ApiManagement/service/apimService1/policies/policy",
+            "type": "Microsoft.ApiManagement/service/policies",
+            "name": "policy"
+          }
+        ],
+        "count": 1,
+        "nextLink": ""
+      }
+    }
+  }
+}
diff --git a/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementListPolicyFragments.json b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementListPolicyFragments.json
new file mode 100644
index 000000000000..4f9566161dbe
--- /dev/null
+++ b/specification/apimanagement/resource-manager/Microsoft.ApiManagement/preview/2021-12-01-preview/examples/ApiManagementListPolicyFragments.json
@@ -0,0 +1,28 @@
+{
+  "parameters": {
+    "serviceName": "apimService1",
+    "resourceGroupName": "rg1",
+    "api-version": "2021-12-01-preview",
+    "subscriptionId": "subid"
+  },
+  "responses": {
+    "200": {
+      "body": {
+        "value": [
+          {
+            "id": "/subscriptions/subid/resourceGroups/rg1/providers/Microsoft.ApiManagement/service/apimService1/policyFragments/policyFragment1",
+            "type": "Microsoft.ApiManagement/service/policyFragments",
+            "name": "policyFragment1",
+            "properties": {
+              "format": "xml",
+              "description": "A policy fragment example",
+              "value": "<fragment><json-to-xml apply=\"always\" consider-accept-header=\"false\" /></fragment>"
+            }
+          }
+        ],
+        "count": 1,
+        "nextLink": ""
+      }
+    }
+  }
+}
diff --git a/specification/apimanagement/resource-manager/readme.md b/specification/apimanagement/resource-manager/readme.md
index b4f4be6c1921..47afefbd827b 100644
--- a/specification/apimanagement/resource-manager/readme.md
+++ b/specification/apimanagement/resource-manager/readme.md
@@ -69,6 +69,7 @@ input-file:
   - Microsoft.ApiManagement/preview/2021-12-01-preview/apimoutbounddependency.json
   - Microsoft.ApiManagement/preview/2021-12-01-preview/apimpolicies.json
   - Microsoft.ApiManagement/preview/2021-12-01-preview/apimpolicydescriptions.json
+  - Microsoft.ApiManagement/preview/2021-12-01-preview/apimpolicyfragments.json
   - Microsoft.ApiManagement/preview/2021-12-01-preview/apimportalrevisions.json
   - Microsoft.ApiManagement/preview/2021-12-01-preview/apimportalsettings.json
   - Microsoft.ApiManagement/preview/2021-12-01-preview/apimprivatelink.json
@@ -780,4 +781,7 @@ directive:
   - suppress: R4009
     from: apimprivatelink.json
     reason: Warning raised to error while PR was being reviewed. SystemData will implement in next preview version.  
+  - suppress: R4009
+    from: apimpolicyfragments.json
+    reason: Warning raised to error while PR was being reviewed. SystemData will implement in next preview version. 
 ```