9(1)The requirements of this paragraph are that, subject to sub-paragraph (2) below, the relevant company must not be—
(a)a company which controls (whether on its own or together with any person connected with it) any company that is not a qualifying subsidiary of the relevant company; or
(b)a company which is under the control of another company (or of another company and a person connected with the other company);
and arrangements must not be in existence by virtue of which the relevant company could fall within paragraph (a) or (b) above.
(2)A company shall not fall within sub-paragraph (1)(b) above where—
(a)the other company is the trust company or a venture capital trust which is not the trust company; and
(b)the fact that the relevant company is under the control of the other is attributable primarily to a change in the value of any shares in or securities of the relevant company.