Host State

1. (1) (in LR and PR) as defined in Article 2.1(n) of the11 Prospectus Directive 11 ) the EEA State where an offer to the public is made or admission to trading is sought, when different from the Home State.7

1. (1A) (in DTR) an EEA State in which securities are admitted to trading on a regulated market, if different from the Home State.37

1. (2) (except in LR,37 PR and DTR37 and except in relation to MiFID11) the EEA State in which an EEA firm, a UK firm, or a Treaty firm is exercising an EEA right or Treaty right to establish a branch or provide cross border services.7
1. (3) (in relation to MiFID investment firms41) the EEA State, other than the Home State, in which an investment firm has a branch or provides investment services and/or activities,41 or the EEA State in which a regulated market provides appropriate arrangements so as to facilitate access to trading on its system by remote members or participants established in that same EEA State.11

[Note: article 4(1)(56)41 of MiFID]11

1. (4) (in relation to the UCITS Directive) the EEA State, other than the UCITS Home State, in which units of a UCITS are marketed in accordance with a notification made under article 93 of that directive.23
1. 31(5) (for an AIFM) means:
   1. (a) an EEA state, other than the Home State, in which an EEA AIFM or UK AIFM manages EEA AIFs or UK AIFs; or
   1. (b) an EEA state, other than the Home State, in which an EEA AIFM or UK AIFM markets units or shares of an EEA AIF or UK AIF;
   [Note: article 4(1)(r) of AIFMD]
1. (6) (for an MCD credit intermediary) the EEA State, other than the Home State, in which the MCD credit intermediary has a branch or provides services.39

[Note: article 4(20) of the MCD]39