In this regulation:—

"Act" means the Pension Funds Act, 1956 (Act No. 24 of 1956), and any word or expression to which a meaning is assigned in the Act is assigned to it in this regulation, unless otherwise defined;

"collective investment scheme" has the meaning assigned to it in section 1 of the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002);

"credit ratings" means credit ratings issued by a credit rating agency as may be prescribed;

"crypto-asset" means a digital representation of value that is not issued by a central bank, but is capable of being traded, transferred or stored electronically by natural and legal persons for the purpose of payment, investment and other forms of utility; applies cryptographic techniques and uses distributed ledger technology;

[Regulation 28 definition inserted by section 2(a) of Notice No. 2230, GG46649, dated 1 July 2022: Effective 3 January 2023]

"derivative instrument" has the meaning assigned to it in section 1 of the Securities Services Act, 2004 (Act No. 36 of 2004);

"exchange" means:—

"fair value" has the meaning assigned to it in financial reporting standards and includes any other conditions as may be prescribed;

"financial reporting standards" has the meaning assigned to it in the Companies Act, 2008 (No. 71 of 2008);

"foreign asset" means an asset that is deemed foreign by the South African Reserve Bank for its reporting purposes, and subject to conditions as may be prescribed;

"foreign bank" means a bank that is not a South African bank and is domiciled, registered and supervised as a bank outside of South Africa;

"fund member policy" has the meaning assigned to it in Part 5A of the Regulations issued under the Long-term Insurance Act;

"fund of hedge funds" means a portfolio that invests only in hedge funds, but may also hold notes, coins, and a balance or deposit in a savings, current or money market account with a South African bank or a foreign bank, and subject to conditions as may be prescribed;

"fund of private equity funds" means a portfolio that invests only in private equity funds, but may also hold notes, coins, and a balance or deposit in a savings, current or money market account with a South African bank or a foreign bank, and subject to conditions as may be prescribed;

"hedge fund"—

[Regulation 28 definition substituted by section 2(b) of Notice No. 2230, GG46649, dated 1 July 2022: Effective 3 January 2023]

"infrastructure" means any asset that has or operates with a primary objective of developing, constructing and/or maintaining physical assets and technology structures and systems for the provision of utilities, services or facilities for the economy, businesses, or the public;

[Regulation 28 definition inserted by section 2(c) of  Notice No. 2230, GG46649, dated 1 July 2022: Effective 3 January 2023]

"investment policy statement" means a document which, at least:—

(c)        complies with conditions as may be prescribed;

"Islamic debt instrument" means a bond based on the ownership of an underlying immovable property or a tangible asset or portfolio of immovable properties or tangible assets, governed by Shari'ah rules, and that is issued by:—

that is negotiable and in respect of which the title to the underlying property or asset or portfolio of properties and assets is vested in a special purpose vehicle that derives its income from commercial activities related to that property, asset or portfolio;

"Islamic liquidity management financial instrument" means a financial instrument, governed by Shari'ah rules, issued by a South African bank or a foreign bank:—

"listed" means to be compliant with the listings and disclosure requirements of an exchange and any other condition as may be prescribed;

"Long-term Insurance Act" means the Long-term Insurance Act, 1998 (Act No. 52 of 1998);

"long-term insurer" means a person registered or deemed to be registered as a long-term insurer in terms of the Long-term Insurance Act;

"pension preservation fund" has the meaning assigned to it in section 1 of the Income Tax Act, 1962 (Act No. 58 of 1962);

"PostBank" means the SA Post Office Limited established pursuant to section 3 the Post Office Act, 1958 (Act No. 44 of 1958), and the South African Postbank Limited Act, 2010 (Act No. 9 of 2010);

"prescribed" means prescribed by the Registrar by notice on the official website, as defined in section 1 of the Electronic Communications and Transactions Act, 2002 (Act No. 25 of 2002) of the Financial Services Board, unless notice in the Gazette is specifically required under a provision of the Act;

"private equity fund" means a managed pool of capital that:

"property company" means a company—

"provident preservation fund" has the meaning assigned to it in section 1 of the Income Tax Act, 1962 (Act No. 58 of 1962);

"reporting period" means the financial year determined in the rules of a fund;

"South African bank" means a bank or branch as defined in and registered under the Banks Act, 1990 (Act No. 94 of 1990), a mutual bank as defined and registered under in the Mutual Banks Act, 1993 (Act No. 124 of 1993), a cooperative bank as defined in the Cooperative Banks Act, 2007 (Act No. 40 of 2007), or the PostBank.