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68.—(1) Where, in respect of a company of a type specified in relation to the United Kingdom in Annex II to the EC Regulation, the conditions for the formation of a holding SE, whether or not it is to be registered in Northern Ireland, are fulfilled, the company shall deliver to the registrar within 14 days of such fulfilment notice of that event in the Form SE68(1)(NI) set out in Schedule 1 and the registrar shall cause to be published in the Belfast Gazette notice that these conditions have been fulfilled.
(2) If default is made in complying with paragraph (1), the company is liable on summary conviction to a fine not exceeding level 3 on the standard scale.
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