"domestic treasury management company"
means a company—
| (a) | that is incorporated or deemed to be incorporated—; |
| (i) | by or under any law in force in the Republic and is not subject to exchange control restrictions by virtue of being registered with the financial surveillance department of the South African Reserve Bank; or |
| (ii) | by or under the law of any country other than the Republic and is not subject to exchange control restrictions by virtue of being registered before 1 January 2019 with the financial surveillance department of the South African Reserve Bank; and |
| (b) | that has its place of effective management in the Republic; |
[Definition substituted by section 2(1)(b) of the Taxation Laws Amendment Act, 2019 (Act No. 34 of 2019), GG 42951, dated 15 January 2020]