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host member state

as defined in Directive 2014/65/EU of the European Parliament and of the Council of 15 May…, Article 4(1), point (56) (Definitions)

(56) 

‘host Member State’ means the Member State, other than the home Member State, in which an investment firm has a branch or provides investment services and/or activities, or the Member 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 Member State;

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