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"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 inserted by section 1(b) of the Taxation Laws Amendment Act, 2026, Notice No. 7344, GG54448, dated 1 April 2026 - comes into operation on 1 January 2026 (section 1(4))]