oil market activity
- (a) any regulated activity in relation to an oil investment or to oil, or in relation to a biofuel investment, biofuel, a biomass investment or biomass that is ancillary to activities related to oil investments or oil, which:
- (i) is the executing of own account transactions on any recognised investment exchange or designated investment exchange; or
- (ii) if it is not the executing of transactions on such exchanges, is performed in connection with or for persons who are not individuals;65
- (b) [deleted]65