[(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 developments in third countries and international
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