Part 8Intangible fixed assets

Chapter 8Groups of companies: introduction

Rules

770Continuity where group includes an SE

1

This section applies if the principal company of a group (“Group 1”)—

a

becomes an SE as a result of being the acquiring company in the formation of an SE by merger by acquisition (in accordance with Articles 2(1), 17(2)(a) and 29(1) of Council Regulation (EC) No 2157/2001 on the Statute for a European company),

b

becomes a subsidiary of a holding SE (formed in accordance with Article 2(2) of that Regulation), or

c

is transformed into an SE (in accordance with Article 2(4) of that Regulation).

2

For the purposes of this Part—

a

Group 1 and any group of which the SE is a member on formation is treated as the same, and

b

the question whether a company has ceased to be a member of a group must be determined accordingly.