oil market participant

a firm:

1. (a) whose permission:
   1. (i) includes a requirement that the firm must not carry on any designated investment business other than oil market activity; and
   2. (ii) does not include a requirement that it comply with IPRU(INV) 5 (Investment management firms) or 13 (Personal investment firms); and
2. (b) which is not an authorised professional firm, bank, building society, credit union, friendly society, ICVC, insurer, ISD investment firm , media firm, service company, insurance intermediary, mortgage administrator 11, mortgage intermediary, mortgage lender , incoming EEA firm (without a top-up permission), or incoming Treaty firm (without a top-up permission).4211