(1) Where -

(a) the registered office of an issuer is in a third country, and

(b) that issuer is an issuer in respect of which the State is the home Member State,

the Bank, subject to paragraph (2), may exempt that issuer from requirements under Regulations 25(3) to 28(2), provided that the law of the third country in question lays down equivalent requirements or such an issuer complies with requirements of the law of a third country that the Bank considers as equivalent.

(2) A third country shall be deemed to set requirements equivalent to those set out in Articles 17(2)(a) and 18(2)(a) of the Directive, as far as the content of the information about meetings is concerned, where, under the law of that country, an issuer whose registered office is in that third country is required to provide at least information on the place, time and agenda of meetings.