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( 23) succursale: un siège d' exploitation qui constitue une partie, dépourvue de personnalité juridique, d' une entreprise d' investissement et qui fournit les services d' investissement pour lesquels celle-ci a obtenu un agrément;
( 23) branch means a place of business which is a part of an investment firm, which has no legal personality and which provides investment services for which the investment firm has been authorised;