In circumstances where the State is the Host Member State the following provisions shall apply in relation to the language in which a prospectus is to be drawn up and published in the State -
(a) where a public offer is made or admission to trading is sought in one or more Member States other than the Home Member State then -
(i) the prospectus shall be drawn up in a language accepted by the Bank or in a language customary in the sphere of international finance, at the election of the relevant person,
(ii) the Bank may only require that the summary be translated into Irish or English, at the election of the relevant person,
(b) where the public offer is made or admission to trading is sought in more than one Member State including the Home Member State then -
(i) the prospectus shall be drawn up in a language accepted by the competent authority of the Home Member State,
(ii) the prospectus shall also be drawn up in a language accepted by the Bank or in a language customary in the