Same licence but with MEP rating valid only.
Why does everyone assume they have to fly 12 hours in the second year. Its an option, but if you do a Prof Check with an examiner it doesn't matter what hours you fly. This was the original JAA intention, the experience idea was the UKs way of avoiding a test and maintaing the old system!
Most people who elect to do the prof check are surprised how simple it all is.