1. Directive 83/349/EEC shall apply, subject to Article 1 of this Directive and paragraph 2 of this Article.
(a) Articles 4, 6, 15 and 40 of Directive 83/349/EEC shall not apply.
(b) The Member States may make application of Article 7 of Directive 83/349/EEC subject to the following additional conditions:
- the parent undertaking must have declared that it guarantees the commitments entered into by the exempted undertaking; the existence of that declaration shall be disclosed in the accounts of the exempted undertaking;
- the parent undertaking must be a credit institution within meaning of Article 2(1)(a) of this Directive.
(c) The information referred to in the first two indents of Article 9(2) of Directive 83/349/EEC, namely:
- the amount of the fixed assets and
- the net turnover
shall be replaced by:
- the sum of items 1, 3, 4, 6 and 7 in Article 27 or B1, B2, B3, B4 and B7 in Article 28 of this Directive.
(d) Where, as a result of applying Article 13(3)(c) of Directive 83/349/
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