Authorisation conditions for foreign exchange dealers require ongoing turnover, net worth and fit-and-proper compliance, with Reserve Bank revocation powers. Conditions of authorisation under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 require authorisations to continue until revoked or surrendered, while banks and NBFCs remain co-terminus with the relevant banking licence or certificate of registration. The Reserve Bank may vary, revoke or add conditions, and non-bank authorised persons must satisfy minimum annual forex turnover, net worth, fit-and-proper and reporting obligations on an ongoing basis. Non-bank authorised persons must also begin operations within six months, obtain prior approval for specified changes in control or ownership, report prescribed events and use APConnect for business-place updates.