“FLAC instrument” means an instrument contemplated in the Prudential Standard RA03 regulations issued in terms of section 105(2)(c), read with sections 30(1A) and 42(b)(vi) of the Financial Sector Regulation Act;

[Definition of “FLAC instrument” inserted by section 1(1)(b) of Act 5 of 2026 effective on 1 January 2026]