[(1) In this Part—
“partial authorisation” means authorisation to act as an insolvency practitioner—
(a) only in relation to companies, or
(b) only in relation to individuals;
“full authorisation” means authorisation to act as an insolvency practitioner in relation to companies, individuals and insolvent partnerships;
“partially authorised” and “fully authorised” are to be construed accordingly.
(2) A person is fully authorised under this section to act as an insolvency practitioner—
(a) by virtue of being a member of a professional body recognised under section 391(1) and being permitted to act as an insolvency practitioner for all purposes by or under
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