In these Regulations any word or expression to which a meaning has been assigned in the Act shall bear that meaning and, unless the context otherwise indicates—

means the Competition Act No. 89 of 1998, as amended;

means the Association for Savings and Investment South Africa;

[Definition inserted by section 2 of Notice No. R. 502, GG43280, dated 5 May 2020]

means a public company registered as a bank in terms of the Banks Act no. 94 of 1990 (as amended);

means the Banking Association of South Africa

means the 2019 novel coronavirus (SARS-COV 2 / COVID-19);

means an institution registered as a financial institution in terms of The Financial Sector Regulation Act, 2017;

[Definition inserted by section 2 of Notice No. R. 502, GG43280, dated 5 May 2020]

has the same meaning as defined in the Act; and

refers to the National Disaster Management Act No. 57 of 2002, as amended.

1.7        "PASA"

means the Payments Association of South Africa