# Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute for a European company (SE), Article AA1


(1.) On IP completion day every SE which remains registered in the United Kingdom immediately before IP completion day converts to a United Kingdom Societas (or UK Societas), and on and after IP completion day “UK Societas” replaces “SE” in its name.
(2.) A UK Societas is deemed to have in place of its existing statutes, statutes that comprise the provisions of its existing statutes save that, as they apply from IP completion day—
(a) “UK Societas” replaces “SE” in any reference to the SE's name;
(b) any use of “European Public Limited-Liability Company” or “Societas Europaea” is replaced by “ United Kingdom Societas ” or “UK Societas”;
(c) any reference in those statutes to Directive 2001/86/EC of 8 October 2001 supplementing the Statute for a European company with regard to the involvement of employees is read, where appropriate and where that reference remains operative, as though it were a reference to the 2009 Employee Involvement (GB) Regulations, or (as the case may be) the 2009 Employee Involvement (NI) Regulations;
(d) any reference in those statutes to the EC Regulation, the 2004 Regulations, the 2009 Employee Involvement (GB) Regulations, or the 2009 Employee Involvement (NI) Regulations, is read, where appropriate and where that reference remains operative, as though it is a reference to those enactments as they form part of assimilated law.
(4.) Paragraphs 1 and 2 do not apply to an outgoing SE (as to which, see paragraphs (4) and (5) of regulation 12A of the 2004 Regulations).
(5.) In paragraph 4, an “outgoing SE” means an SE—
(a) which, immediately before IP completion day, is registered in a Member State pursuant to a transfer of its registered address from the United Kingdom to that Member State; but
(b) whose registration in the United Kingdom has not been deleted before IP completion day,
in accordance with Article 8 of this Regulation, as it applied immediately before IP completion day.
(6.) The provisions of Article 59 are disapplied for the purposes of this regulation.

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Source: https://www.legislation.gov.uk/eur/2001/2157/article/AA1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2001-2157/article-AA1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.