(1) Paragraph (2) applies where the Treasury -

(a) have made a designation under regulation 5, or

(b) have by virtue of section 22 of the Act varied or revoked a designation made under that regulation.

(2) The Treasury -

(a) must without delay take such steps as are reasonably practicable to inform the designated person of the designation, variation or revocation, and

(b) must take steps to publicise the designation, variation or revocation.

(3) The information given under paragraph (2)(a) where a designation is made must include a statement of reasons.

(4) In this regulation, a "statement of reasons", in relation to a designation, means a brief statement of the matters that the Treasury know, or have reasonable grounds to suspect, in relation to the designated person which have led the Treasury to make the designation.

(5) Matters that would otherwise be required by paragraph (4) to be included in a statement of reasons may be excluded from it where the Treasury consider that they should be excluded -

(a) in the interests of national security or international relations,