participant
- (a) (except in FEES 9) (in accordance with section 235(2) of the Act (Collective investment schemes)) a person who participates in a collective investment scheme.133
- (b) (in FEES 9) in relation to a regulated payment system, any operator, payment service provider and infrastructure provider to that regulated payment system. 133
- 139(c) (in FEES 9) in relation to an IFR card payment system, any operator or in that IFR card payment system.