Who Cares,
all that regulation says is that the in the case of point (4) where there is an element of the meteorological minima below that required for landing (ldg Minima, not alternate minima); you can continue to the airport if you believe on reasonable grounds that the weather will be above landing minima (not alternate minima) at the time of arrival.
The regulation is only talking about landing and takeoff minima, its got nothing to do with holding fuel or alternate requirements - they are separate requirements that must still be met.