s 49 Opportunity to be heard before designation, etc.
49.—(1) Before the competent authority, on its own volition, designates a relevant entity or relevant individual under section 47(1) or 48(1), the competent authority must, unless the competent authority considers it not practicable or desirable to do so in any particular case —(a) give notice of the competent authority’s intention to do so to the entity or individual concerned; and (b) give that entity or individual (as the case may be) 14 days after the date of the notice (or such longer time as the competent authority may specify in the notice) to make representations on the proposed designation. (2) Once a designation is made under section 47(1) or 48(1), the competent authority must, without delay, give notice of the designation as follows:(a) to the relevant entity or relevant individual who is designated; (b) to any other person who, in the competent authority’s opinion, ought to have notice of the designation. (3) A designation under section 47(1) or 48(1) of a relevant entity or relevant individual as a politically significant person has effect during the period —(a) starting when notice of the designation is given to the person concerned under subsection (2), or at any later time specified in the notice of designation where so specified; and (b) ending when the designation is cancelled under section 47(3) or 48(3).