The second paragraph of Article 27 of the First Directive is hereby replaced by the following:
'As regards the application of Article 20, where an undertaking qualifies for the advantages provided for in Article 26(1), the authority responsible for verifying the solvency of agencies or branches established within the Community with respect to their entire business shall be treated in the same way as the authority of the State in the territory of which the head office of a Community undertaking is situated.'