In this Schedule, "the Act" means the Credit Rating Services Act, 2012 (Act No. 24 of 2012), and any word or expression to which a meaning has been assigned in the Act, bears that meaning so assigned to it and, unless the context indicates otherwise—

"external compliance unit"

means a compliance unit established within the group to which the registered credit rating agency belongs;

"NQF level 7"

means level 7 of the national qualifications framework contemplated in the National Qualifications Framework Act, 2008 (Act No. 67 of 2008).