In this Part, in relation to an issuer of transferable securities, the “home State” -
(a) in relation to transparency rules and other provisions made in accordance with the transparency obligations directive, is the EEA State which is the “home Member State” for the purposes of the transparency obligations directive (which is to be determined in accordance with Article 2.1(i) of that directive);
(b) except where paragraph (a) applies, is the EEA State which is the “home Member State” for the purposes of the prospectus regulation (which is to be determined in accordance with Article 2(m) of that regulation).