Quite simple, if the assembly meets 725.136(I)(2) then no separation is needed. The general rule of (I) calls for a separation unless item (2) is met in which the separation is not required. As for the luminaire, the .25 separation will take place by the installer and by the design of the smart luminaire manufacturer. From a cable manufacturers perspective, it is compliant to the luminaire, the installer and the manufacturer of the luminaire will handle their part of compliance.
FYI- I guess I should also add, the insulation on the Class 2 or 3 conductors are also 600V rated just like the lighting and power circuit conductors.