Where the State is the Home Member State the following provisions shall apply in respect of the language or languages in which the prospectus is to be drawn up and published:
(a) where an offer of securities to the public is made or admission to trading is sought only in the State, the prospectus shall be drawn up and published in a language accepted by the Bank,
(b) where an offer of securities to the public is made or admission to trading is sought in one or more Member States other than the State -
(i) the prospectus shall be drawn up and published in each Host Member State either in a language accepted by the competent authority of the Host Member State or in a language customary in the sphere of international finance, at the election of the relevant person,
(ii) the competent authority of each Host Member State may only require that the summary be translated into the official language of the Host Member State,
(iii) for the purposes of the scrutiny of the prospectus by the Ba