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Article 5 Exemptions

Original text. Later amendments are not shown.

Each BSC Party shall be an exempted person as respects—

(a)

its participation in the Balancing and Settlement Arrangements; or

(b)

the provision by it of Balancing Services

where such participation or provision would constitute an activity falling within paragraph 12 or 13 of Schedule 1, or where advice given by it in relation to such participation or provision would constitute an activity falling within paragraph 15 of Schedule 1.