(1) In any case where a person ("the acquirer") -
(a) proposes to take, in relation to a UK insurance intermediary ("A"), such a step as is mentioned in section 178(1) of the Act (obligation to notify the Authority of control over authorised persons), or
(b) acquires control, an additional kind of control or an increase in a relevant kind of control over a UK insurance intermediary without himself taking any such step,
the acquirer is exempt from any obligation imposed by section 178 of the Act to notify the Authority of his proposal or acquisition unless paragraph (2) applies.
(2) This paragraph applies -
(a) where the acquirer falls within paragraph (1)(a), if the acquirer does not currently, but would if he took the proposed step, fall within any of the cases in paragraph (3); or
(b) where the acquirer falls within paragraph (1)(b), if the acquirer did not immediately before acquiring control, but as a result of that acquisition does, fall within any of those cases.
(3) The cas