(1) There is excluded from article 25(1) and (2) (arranging deals in investments) the making of arrangements for, or with a view to, a transaction for the sale or purchase of a contract of insurance, where that activity meets the conditions specified in paragraphs (2) and (3).
(2) The conditions specified in this paragraph are that the activity -
(a) consists of the provision of information about a potential policyholder to a relevant insurer or an insurance or reinsurance intermediary, or
(b) consists of the provision of information to a potential policyholder about -
(i) a contract of insurance, or
(ii) a relevant insurer or insurance or reinsurance intermediary.
(3) The condition specified in this paragraph is that the provider of the information does not take any step other than the provision of information to assist in the conclusion of a contract of insurance.
(4) In this article -
"insurance intermediary" means a person other than -
(a) an insurance or reinsurance undertaking or
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