4(1)This paragraph applies to eligible manual data which consist of information relevant to the financial standing of the data subject and in respect of which the data controller is a credit reference agency.E+W+S+N.I.
(2)During the first transitional period, data to which this paragraph applies are exempt from—
(a)the data protection principles, except the sixth principle so far as relating to sections 7 and 12A,
(b)Part II of this Act, except—
(i)section 7 (as it has effect subject to sections 8 and 9) and section 12A, and
(ii)section 15 so far as relating to those sections, and
(c)Part III of this Act.