This Order provides that authorised persons falling within either of two categories of non-UK institution are ‘relevant authorised persons’ for the purposes of Part 5 of the Financial Services and Markets Act 2000 (the “Act”) and for the purposes of the Financial Services (Banking Reform) Act 2013 (Transitional and Savings Provisions) Order 2015 (which contains transitional and savings provision in connection with the coming into force of the amendments to Part 5 of the Act made by the Financial Services (Banking Reform) Act 2013).