Registration conditions for managing general agents require compliance, recordkeeping, grievance redressal, and a ban on multi-level marketing. Registration of a Managing General Agent is subject to continuing conditions, including exclusive conduct of the authorised business, compliance with applicable law, maintenance of a valid business arrangement agreement and Letter of Approval, adherence to eligibility criteria and anti-money laundering guidelines, prompt disclosure of material changes, grievance redressal, prescribed record-keeping and books of account, a prohibition on multi-level marketing, compliance with the Code of Conduct, and unencumbered shareholding.