“recognised exchange” means-

(a)     an exchange licensed under the Financial Markets Act; or

[Paragraph (a) substituted by section 51 of Act 32 of 2004, amended by section 63 of Act 31 of 2005 and substituted by section 78 of Act 43 of 2014 effective on 3 June 2013]

(b)     ……….

(c)     an exchange in a country other than the Republic which is similar to an exchange contemplated in paragraph (a) and which has been recognised by the Minister for purposes of this Schedule by notice in the Gazette;