These Regulations make modifications to an established system. They came into force on 1st October 2009. They should be read alongside the European Public Limited-Liability Company (Amendment) Regulations 2009 and the European Public Limited-Liability Company Regulations 2004.
The group of regulations provide for a form of public limited-liability company, the Societas Europaea (SE). This form of company is available to commercial bodies with operations in more than one member state.
A SE can be formed in a number of ways as set out in the related sets of regulations.
The Regulations also implement the relevant Directive (European Directive 2001/86/EC) which sets out the employee involvement arrangements that will govern a European Company, covering employee information, consultation and in certain circumstances participation on the board.