[(1) For so long as regulations under section 74A are in force which specify, or specify a description which includes, a third country, a territory or sector within a third country or an international organisation, the Secretary of State must carry out a review of whether the country, territory, sector or organisation ensures an adequate level of protection of personal data at intervals of not more than 4 years.
(2) Each review under subsection (1) must take into account all relevant developments in the third country or international organisation.
(3) The Secretary of State must, on an ongoing basis, monitor
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