means an operator of a payment system, and includes—
| (a) | a designated settlement system operator as defined in section 1 of the National Payment System Act; and |
| (b) | a payment clearing house system operator as defined in section 1 of the National Payment System Act; |
[Definition inserted by section 35(n) 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]