Directive 83/349/EEC is hereby amended as follows:
1. the following subparagraph is inserted in Article 4(1):
'The first subparagraph shall also apply where either the parent undertaking or one or more subsidiary undertakings is constituted as one of the types of company mentioned in Article 1(1), second or third subparagraph of Directive 78/660/EEC.';
2. In Article 4, paragraph 2 is replaced by the following:
'2. The Member States may, however, grant exemption from the obligation imposed in Article 1(1) where the parent undertaking is not constituted as one of the types of company mentioned in Article 4(1) of this Directive or in Article 1(1), second or third subparagraph of Directive 78/660/EEC.'