Who will be my home Member State under the TD?
• EU Issuers – the home Member State of issuers of shares or low-denomination debt securities (as defined in the TD) with less than EUR 1000 admitted to trading on a regulated market will be the Member State its registered office is in. If the issuer only has high-denomination debt securities (more than EUR 1000) it can choose its home Member State from the Member State its registered office is in or one of the Member States where it has securities admitted to trading on a regulated market. • Non-EU Issuers – the home Member State of issuers of shares or low-denomination debt securities will be its home Member State, as designated in the Prospectus Directive. If the issuer only has high-denomination debt securities, it can choose its home Member State from one of the Member States where it has securities admitted to trading on a regulated market.