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"payment system operator"

means an operator of a payment system, and includes—

(a) a designated settlement system operator as defined in section 1 of the National Payment System Act; and
(b) a payment clearing house system operator as defined in section 1 of the National Payment System Act;

[Definition inserted by section 35(n) of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 1 June 2023 per (b)(i) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]