means a function or a power—
| (a) | conferred on the Reserve Bank for the purpose of; or |
| (b) | performed by the Reserve Bank in connection with, |
the resolution of a designated institution (including a function or power conferred or performed for the purpose of reducing the risk that a designated institution may need to be placed in resolution);
[Definition inserted by section 35(q) 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]