Status: You are viewing the version of the handbook as on 2009-03-31.

energy market activity

      1. (a) any regulated activity in 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, 50 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 not46 retail clients 46 ;
      1. (b) establishing, operating or winding up a collective investment scheme which is an energy collective investment scheme in which46 retail clients 46 do not participate.2