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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

energy market activity

      1. (a) any regulated activity other than bidding in emissions auctions 149137in relation to an energy investment or to energy, or in relation to a biomass investment or biomass that is ancillary to activities related to energy investments or energy, which:
        1. (i) is the executing of own account transactions on any recognised investment exchange or designated investment exchange; or
        1. (ii) if it is not the executing of transactions on such exchanges, is performed in connection with or for persons who are not retail clients;
      1. (b) [deleted]91