In this Part -

''Act of 2010" means the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010;

''activity" means any activity that a company may be lawfully formed to carry on and includes the holding, acquisition or disposal of property of whatsoever kind;

''existing private company" means a private company limited by shares which -(a) was incorporated under any former enactment relating to companies (within the meaning of section 5); and(b) is in existence at the commencement of this section,
 but does not include such a company where, subsequent to that commencement, it re-registers as another type of company;

"registered person" shall be read in accordance with section 39(2);

"relevant authorisation" means an authorisation within the meaning of Chapter 9 of Part 4 of the Act of 2010;