# The Financial Services and Markets Act 2000 (Relevant Authorised Persons) Order 2015, Article 2: Relevant authorised persons


(1) For the purposes of Part 5 of the Act and for the purposes of the Financial Services (Banking Reform) Act 2013 (Transitional and Savings Provisions) Order 2015, a non-UK institution is a relevant authorised person if it—
(a) meets condition A or B;
(b) has a branch in the United Kingdom; and
(c) is not an insurer.
(2) Condition A is that the non-UK institution is a credit institution which has permission under Part 4A of the Act or resulting from Schedule 3 or 4 to the Act to carry on the regulated activity of accepting deposits.
(3) Condition B is that—
(a) the non-UK institution is an investment firm;
(b) it has permission under Part 4A of the Act or resulting from Schedule 3 or 4 to the Act to carry on the regulated activity of dealing in investments as principal; and
(c) when carried on by it, that activity is a PRA-regulated activity.
(4) In this article “insurer” means an institution which is authorised under the Act to carry on the regulated activity of effecting or carrying out contracts of insurance as principal.

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111138168/article/2 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-relevant-authorised-persons-order-2015/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.