Host State
- (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
- (1A) (in DTR) an EEA State in which securities are admitted to trading on a regulated market, if different from the Home State.37
- (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
- (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
- (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
- 31(5) (for an AIFM) means:
- (a) an EEA state, other than the Home State, in which an EEA AIFM or UK AIFM manages EEA AIFs or UK AIFs; or
- (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;
- (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
- (7) (for an IDD insurance intermediary or an IDD reinsurance intermediary) the EEA State, other than its Home State, in which the intermediary has a permanent presence or establishment or provides services.43[Note: article 2(1)(11) of the IDD]43
[Note: article 4(1)(56)41 of MiFID]11