"eligible financial institution"
means each of the following:
(a) | A financial institution licensed or required to be licensed as a bank in terms of the Banks Act; |
(b) | a financial institution registered as a long-term insurer in terms of the Long-term Insurance Act or a short-term insurer in terms of the Short-term Insurance Act or licensed or required to be licensed in terms of the Insurance Act; |
[Definition (b) substituted by section 1(a) of schedule 1 of Act No. 18 of 2017]
(c) | a market infrastructure; and |
(d) | a financial institution prescribed in Regulations for the purposes of this definition; |