For subsections 45(3) and 49(2) of the Act, an action is not a significant action or a notifiable action if:
(a) the action is a foreign person acquiring an interest in securities or in a tenement; and
(b) the foreign person is specified in an exemption certificate in force under section 42 or 43 of this instrument; and
(c) the interest is of a kind specified in the certificate; and
(d) the conditions (if any) specified in the certificate were met.