Authorised person eligibility under foreign exchange regulations turns on company status, net worth, fit and proper standards, and category-specific criteria. Eligibility for authorisation as an authorised person requires incorporation as a company, inclusion of the relevant foreign exchange activity in the Memorandum of Association, category-specific qualifying status, prescribed positive net worth, and fit-and-proper criteria for the applicant and connected persons. The regulation also prescribes director and KMP experience requirements, an NOC mechanism where investigation by the Directorate of Enforcement exists, and an exemption for entities regulated by the Reserve Bank under other Acts.