[(1) The [appropriate regulator] may object to a person's control over a UK authorised person in any of the circumstances specified in subsection (2).
(2) The circumstances are that the [appropriate regulator] reasonably believes that—
(a) the person acquired or increased control without giving notice under section 178(1) in circumstances where notice was required;
(b) the person is in breach of a condition imposed under section 187; or
(c) there are grounds for objecting to control on the basis of the matters in section 186.
(3) The [appropriate regulator]—
(a) must take into account whether influence exercised by the person is likely
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