(5)
‘established’ means: if the counterparty is a natural person, where it has its head office; if the counterparty is a legal person, where it has its registered office; if the counterparty has, under its national law, no registered office, where it has its head office;
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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.