rer or placer, in a Member State to the extent that: f1) the Fund is permitted to be markettai to profess -:! in .!ohs In the relevant Merpber turae Inareerdance with airmo (at imptrnenred Into tt*tratel laseiregelatese of the nee-erre Misuser Stetel: or (2) this Presentation may otherwise he lawfulh cistneet