(1) The Bank shall comply with decisions made in accordance with sub-article 4 of Article 32b of Council Directive 79/267/EEC as inserted by Article 9 of the Second Directive, to limit or suspend decisions:
(a) regarding requests pending at the moment of the decision or future requests for authorisations, and
(b) regarding the acquisition of holdings by parent undertakings governed by the laws of the third country in question.
(2) The duration of the measures referred to in sub-article (1) of this Article shall not, subject to sub-article (3) of this Article, exceed three months.
(3) The measures referred to in sub-article (1) of this Article shall be continued where the Council acting on a proposal from the Commission, has decided before the end of the three month period referred to in sub-article (2) of this Article that such measures shall be continued.
(4) The limitations or suspension referred to in sub-article (1) of this Article shall not apply to the setting up of subsidia