means the management of the affairs of the designated institution as provided in Chapter 12A in a way that—
| (a) | assists in maintaining financial stability; |
| (b) | ensures that the critical functions performed by the designated institution continue to be performed; and |
| (c) | in the case of a bank, protects the interests of depositors;’ |
[Definition inserted by section 35(m) of the Financial Sector Laws Amendment Act, 2021 (Act No. 23 of 2021), Notice No. 789, GG45825, dated 28 January 2022- effective 1 June 2023 per (b)(i) of Commencement Notice No. 3202, GG48294, dated 24 March 2023]