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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)

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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