(1) Before giving a direction under section 296 [or 296A], or making a revocation order under section [297(1B), (2),] [(2A) or (2D)], [the appropriate regulator] must—
(a) give written notice of its intention to do so to the recognised body concerned;
(b) . . .
(c) . . ..
(2) A notice under subsection (1) must—
(a) state why [the appropriate regulator] intends to give the direction or make the order; and
(b) draw attention to the right to make representations conferred by subsection (3).
(3) Before the end of the period for making representations—
(a) the recognised body,
(c) . . .
may make representations to [the appropriate regulator].
[(4) The period for making representations is such period as is specified in the notice (which may, in any particular case, be extended by the appropriate regulator).]
(5) In deciding whether to—
(a) give a direction, or
(b) make a revocation order,
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