(a)
a counterparty to an SFT that is established: in the Union, including all its branches irrespective of where they are located; in a third country, if the SFT is concluded in the course of the operations of a branch in the Union of that counterparty;
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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.