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art_9__para_3__text_1

In the case of a bond or other transferable security covered by Article 4(1)(18)(b) of Directive 2004/39/EC or of a money market instrument which, in either case, is issued by a subsidiary, within the meaning of Seventh Council Directive 83/349/EEC of 13 June 1983 on consolidated accounts OJ L 193, 18. 7.1983, p. 1. , of an entity which has its registered office in a Member State, the most relevant market shall be the Member State where the registered office of the parent entity is situated.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-30 · Text as adopted (Official Journal); later amendments are not incorporated in this text.