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Home
FCA Handbook
Glossary
oil market participant

oil market participant

63
1. 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
    1. (ii) does not include a requirement that it comply with IPRU(INV) 5 (Investment management firms) or 13 (Personal investment firms); and
  1. (b) which is not an authorised professional firm, bank, BIPRU firm, (unless it is an exempt BIPRU commodities firm), IFPRU investment firm (unless it is an exempt IFPRU commodities firm), building society, credit union, friendly society, ICVC, insurer, MiFID investment firm (unless it is an exempt BIPRU commodities firm or exempt IFPRU commodities firm), media firm, service company, insurance intermediary, home finance administrator, mortgage intermediary, home finance provider, incoming EEA firm (without a top-up permission), or incoming Treaty firm (without a top-up permission).

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oil market participant