[In this Part, in relation to an issuer of transferable securities, the “home State”—
(a) in relation to transparency rules and other provisions made in accordance with the transparency obligations directive . . ., is the EEA State which is the “home Member State” for the purposes of the transparency obligations directive (which is to be determined in accordance with Article 2.1(i) of that directive);
(b) except where paragraph (a) applies, is the EEA State which is the “home Member State” for the purposes of the [prospectus regulation (which is to be determined in accordance with Article 2(m) of that regulation)].]
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