This Order is made under section 146 of the Financial Services (Banking Reform) Act 2013 (c. 33). It makes transitional provision in connection with the coming into force of section 16 of that Act, which requires the approval of the Treasury to be given before a chief executive may be appointed to the scheme manager of the Financial Services Compensation Scheme. The existing chief executive is to be treated on 1st April 2014 as if appointed with Treasury approval.