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oil market activity

      1. (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:
        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 individuals;65
      1. (b) [deleted]65