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establishment

as defined in Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31…, Article 2(1), point (18) (Definitions)

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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