(1) This section applies to regulations under section 1 which authorise an appropriate Minister ("the Minister") to designate persons by name.
(1A) The regulations must contain provision for the Minister to be able to choose whether to designate a person under -
(a) the standard procedure, or
(b) the urgent procedure.
(2)The regulations must provide that under the standard procedure the Minister is prohibited from designating a person by name except where condition A is met.
(2A) Condition A is that the Minister has reasonable grounds to suspect that that person is an involved person (see subsection (3)).
(2B) The regulations must provide that under the urgent procedure -
(a) the Minister may designate a person by name where condition A is not met, but conditions B and C are met, and
(b) the designation ceases to have effect at the end of the period of 56 days beginning with the day following the designation unless, within that period, the Minister certifies that -
(i) condition A is m
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