1.This Directive shall apply to the commitments and undertakings referred to in Article 1 of Directive 79/267/EEC.
2.In Article 1 (2) of Directive 79/267/EEC the words 'and are authorized in the country concerned' shall be deleted.
3.This Directive shall apply neither to classes of insurance or operations nor to undertakings or institutions to which Directive 79/267/EEC does not apply, nor shall it apply to the bodies referred to in Article 4 of that Directive.