“liquidation and distribution account” means the account required to be submitted by an executor to a Master in accordance with section 35 of the Administration of Estates Act, 1965 (Act 66 of 1965);
[Definition of “liquidation and distribution account” inserted by section 4(1)(e) of Act 20 of 2021 effective on 1 March, 2022 and applicable in respect of liquidation and distribution accounts finalised on or after that date]
“portfolio of a hedge fund collective investment scheme” means any portfolio held by any hedge fund business that qualifies as a declared collective investment scheme in terms of section 63 of the Collective Investment Schemes Control Act;
[Definition of “portfolio of a hedge fund collective investment scheme” inserted by section 4(1)(zL) of Act 31 of 2013 effective on the date on which the Minister, in accordance with section 63 of the Collective Investment Schemes Control Act, declares a hedge fund business, in which a portfolio is held, to be a collective investment scheme: 1 April, 2015]
“Financial Sector Conduct Authority” means the Financial Sector Conduct Authority as defined in section 1 of the Financial Sector Regulation Act;
[Definition of “Financial Sector Conduct Authority” inserted by section 1 of Act 23 of 2018 effective on 1 April 2018]
“Financial Sector Regulation Act” means the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017);
[Definition of “Financial Sector Regulation Act” inserted by section 1 of Act 23 of 2018 effective on 1 April 2018]
“Insurance Act” means the Insurance Act, 2017 (Act No. 18 of 2017);
[Definition of “Insurance Act” inserted by section 1 of Act 23 of 2018 effective on 17 January 2019]
“official rate of interest” means-
(a) in the case of a debt which is denominated in the currency of the Republic, a rate of interest equal to the South African repurchase rate plus 100 basis points; or
(b) in the case of a debt which is denominated in any other currency, a rate of interest that is the equivalent of the South African repurchase rate applicable in that currency plus 100 basis points:
Provided that where a new repurchase rate or equivalent rate is determined, the new rate of interest applies for the purposes of this definition from the first day of the month following the date on which that new repurchase rate or equivalent rate came into operation;
[Definition of “official rate of interest” inserted by section 2 of Act 17 of 2017 and substituted by section 1 of Act 23 of 2018 effective on 17 January 2019]
“small, medium or micro-sized enterprise” means any-
(a) person that qualifies as a micro business as defined in paragraph 1 of the Sixth Schedule; or
(b) any person that is a small business corporation as defined in section 12E(4);
[Definition of “small, medium or micro-sized enterprise” inserted by section 1 of Act 43 of 2014 effecive on 1 March 2015]
“small business funding entity” means any entity, approved by the Commissioner in terms of section 30C;
[Definition of “small business funding entity” inserted by section 1 of Act 43 of 2014 effective on 1 March 2015]
“Share Blocks Control Act” means the Share Blocks Control Act, 1980 (Act No. 59 of 1980);
[Definition of “Share Blocks Control Act” inserted by section 1 of Act 43 of 2014 effective on 20 January 2015]
“identical share” means in respect of a share-
(a) a share of the same class in the same company as that share; or
(b) any other share that is substituted for a listed share in terms of an arrangement that is announced and released as a corporate action as contemplated in the JSE Limited Listings Requirements in the SENS (Stock Exchange News Service) as defined in the JSE Limited Listings Requirements or a corporate action as contemplated in the listings requirements of any other exchange, licensed under the Financial Markets Act, that are substantially the same as the requirements prescribed by the JSE Limited Listings Requirements, where that corporate action complies with the applicable requirements of that exchange;
[Paragraph (b) substituted by section 5(1)(f) of Act 15 of 2016, by section 1(1)(f) of Act 23 of 2018 and by section 2(1)(d) of Act 34 of 2019]
[Definition of “identical share” inserted by section 3 of Act 25 of 2015 effective on 1 January 2016]