both EU-reg and N-reg are equally affected by this, especially as the NY IFU is almost certain to wash its hands of any approvals.
I though that was the way it read, but didn't like to say!
The regualtions appear to say that with third country registered aircraft, it is the state of establishment of the operator that will have to give the approval, not the state of registry of the aircraft. That seems to fly in the face of ICAO conventions. How is that going to work?