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regulated institution

    any of the following:29

      1. (a) an EEA insurer or UK insurer; or29
      1. (b) an approved credit institution; or 29
      1. (c) a friendly society (not within (a)) which is authorised to carry on insurance business; or 29
      1. (d) a firm whose permission includes dealing in investments as principal with respect to derivatives which are not listed; or29
      1. (e)61 a MiFID investment firm61 whose authorisation (as referred to in article61 5 of6161 MiFID 61 ) authorises it to carry on activities of the kind referred to in (d).529