[102C Meaning of “home State” in relation to transferable securities]
[102C Meaning of “home State” in relation to transferable securities]

[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)].]