64. In regulation 41 (existing employee involvement rights)—
(a)in paragraph (1)—
(i)after “an SE” for “, its” substitute “ or a UK Societas, or their ”;
(ii)for “EEA State” substitute “ Relevant State ”;
(iii)after “registration of the SE” insert “ (including an SE which converted to a UK Societas on [F1IP completion day]) ”;
(b)after paragraph (2) insert—
“(2A) In this regulation “participation” means the influence of the representative body and the employees' representatives in the SE or the UK Societas by way of the right to—
(a)elect or appoint some of the members of the SE or the UK Societas's supervisory or administrative organ, or
(b)recommend or oppose the appointment of some or all of the members of the SE or the UK Societas's supervisory or administrative organ.”.
Textual Amendments
F1Words in reg. 64(a)(iii) substituted (31.12.2020 immediately before IP completion day) by The Companies and Statutory Auditors etc. (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/523), regs. 1(2), 3(g)
Commencement Information
I1Reg. 64 in force on IP completion day, see reg. 1 and 2020 c. 1, Sch. 5 para. 1(1)