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establishment

as defined in Directive (EU) 2024/1640 of the European Parliament and of the Council of 31…, Article 2(1), point (18)

(18)

‘establishment’ means the actual pursuit by an obliged entity of an economic activity covered by Article 3 in a Member State or third country other than the country where its head office is located for an indefinite period and through a stable infrastructure, including:

(a)

a branch or subsidiary;

(b)

in the case of credit institutions and financial institutions, an infrastructure qualifying as an establishment under prudential regulation;

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