# 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 ... 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 ... 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/uksi/2015/1865/article/2 (the official version)
Page: https://openlegislation.uk/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.