Restricted money changing business requires franchisees to be authorised, maintain records, display franchiser details and surrender purchases promptly. AD Category I banks, AD Category II entities and FFMCs may appoint franchisees to carry on restricted money changing business; franchisees must have a place of business and meet minimum Net Owned Funds and are authorised only for restricted money changing. The agency agreement must require display of franchiser details and exchange rates, surrender of purchased foreign currency to the franchiser within a short period, maintenance of proper transaction records, and at least annual on site inspection by the franchiser.