if point (a) does not apply, where an administrator is part of a group that contains more than one supervised entity located in the Union, the Member State of reference shall be the Member State where the highest number of supervised entities are located or, in the event that there is an equal number of supervised entities, the Member State of reference shall be the one where the value of financial instruments, financial contracts or investment funds that reference the benchmark is highest.
más rud é nach bhfuil feidhm ag pointe (a), i gcás inar cuid de ghrúpa ina bhfuil níos mó ná eintiteas faoi mhaoirseacht amháin atá lonnaithe san Aontas é an riarthóir, is é a bheidh sa Bhallstát tagartha ná an Ballstát ina bhfuil an líon is airde d'eintitis faoi mhaoirseacht lonnaithe nó, i gcás ina bhfuil líon céanna d'eintitis faoi mhaoirseacht ann, is é a bheidh sa Bhallstát tagartha ná an Ballstát ina bhfuil an luach is airde d'ionstraimí airgeadais, de chonarthaí airgeadais nó de chistí infheistíochta a dhéanann tagairt don tagarmharc.