Acts Online
GT Shield

"external exchange"

means a foreign person who is authorised by a supervisory authority to perform a function or functions similar to one or more of the functions of an exchange as set out in this Act and who is subject to the laws of a country other than the Republic, which laws-

(a) establish  a regulatory  framework  equivalent  to that established  by  this Act; and
(b) are supervised by a supervisory authority;