S.L. 386.17 Art. 5Accounting reference period and financial year of transferring SE.

Where an SE transfers its registered office to Malta under Article 8 of the EC Regulation:

(a) its first accounting reference period for the purpose of Article 164(3) of the Act shall be the period of twelve months beginning on the date of its last balance sheet before the registration of the transfer of the SE and, for the same purpose, the date on which that period ends shall be its accounting reference date; and

(b) its first financial year for the purpose of Article 164(4) of the Act shall begin on the first day of its first accounting reference period and shall end on the last day of that period, or such other date being not more than seven days before or after the end of that period, as the SE may determine.