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PART 3 U.K.Amendment of retained direct EU legislation

124.  In Article 54—

(a)in paragraph 1—

(i)at the start insert “ Subject to regulation 68 of the 2004 Regulations ”;

(ii)for “an SE”, substitute “ a UK Societas ”;

(iii)for “the law of the Member State in which the SE's registered office is situated” substitute “ any enactment or rule of law ”;

(iv)for “the SE” substitute “ the UK Societas ”;

(v)omit the second sentence;

(b)in paragraph 2—

(i)for “the national law” substitute “ any enactment or rule of law ”;

(ii)omit “in the Member State in which the SE's registered office is situated”.

Commencement Information

I1Reg. 124 in force on IP completion day, see reg. 1 and 2020 c. 1, Sch. 5 para. 1(1)