633C Treatment of securities on a merger.
(1) This section applies where—
(a) (i) an SE is formed by the merger of 2 or more companies in accordance with Articles 2(1) and 17(2)(a) or (b) of the SE Regulation, or
(ii) an SCE is formed by a merger in accordance with Article 2 of the SCE Regulation,
(b) each merging company is resident for the purposes of tax in a Member State,
(c) the merging companies are not all resident for the purposes of tax in the same Member State, and
(d) the merger does not constitute or form part of a scheme of reconstruction or amalgamation within the meaning of section 587.
(2) Where this section applies, the merger shall be treated for the purposes of section 587 as if it were a scheme of reconstruction.