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, BIPRU investment firm,29(unless it is an exempt BIPRU commodities firm)31 building society, credit union, friendly society, ICVC, insurer, 31MiFID investment firm (unless it is an exempt BIPRU commodities firm)31, media firm, service company, insurance intermediary,26 home finance administrator 26 11, mortgage intermediary,26 home finance provider 26 , incoming EEA firm (without a top-up permission), or incoming Treaty firm (without a top-up permission).4211