Article 3

1. The heading of Title III of Directive 73/239/EEC is hereby replaced by the following:

'TITLE III A Rules applicable to agencies or branches established within the Community and belonging to undertakings whose head offices are outside the Community'.

2. The following heading is placed after Article 29 of Directive 73/239/EEC:

'TITLE III B Rules applicable to subsidiaries of parent undertakings governed by the laws of a third country and to acquisitions of holdings by such parent undertakings'.