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The nature and origin of electronic nematicity remains a significant challenge in our
understanding of the iron-based superconductors. This is particularly evident in the
iron chalcogenide, FeSe, where it is currently unclear how the experimentally
determined Fermi surface near the M point evolves from having two electron pockets
in the tetragonal state, to exhibiting just a single electron pocket in the nematic state. This
has posed a major theoretical challenge, which has become known as the missing electron
pocket problem of FeSe, and is of central importance if we wish to uncover the secrets
behind nematicity and superconductivity in the wider iron-based superconductors. Here,
we review the recent experimental work uncovering this nematic Fermi surface of FeSe
from both ARPES and STM measurements, as well as current theoretical attempts to
explain this missing electron pocket of FeSe, with a particular focus on the emerging
importance of incorporating the dxy orbital into theoretical descriptions of the nematic
state. Furthermore, we will discuss the consequence this missing electron pocket has on
the theoretical understanding of superconductivity in this system and present several
remaining open questions and avenues for future research.