Where Article 33 of Directive 78/660/EEC is applied to insurance undertakings, it shall be so in the following manner:

(a) paragraph 1(a) shall apply to assets shown under F(I) as defined in Article 6 of this Directive;

(b) paragraph 1(c) shall apply to assets shown under C(I), (II), (III) and (IV) and F(I) (except for stocks) and (III) as defined in Article 6 of this Directive.