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energy market participant

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    1. a firm:
      1. (a) whose permission:
        1. (i) includes a requirement127 that the firm must not carry on any designated investment business other than energy market activity;
        2. (ii) does not include a requirement127 that it comply with IPRU-INV -link- 5 (Investment management firms) or 13 (Personal investment firms); and
      2. (b) which is not an authorised professional firm, bank, 127156building society, credit union, friendly society, ICVC, insurer, MiFID investment firm156, media firm, oil market participant, service company, insurance intermediary, home finance administrator, home finance provider137 or regulated benchmark administrator.127127