No.12 BAl\'KING A.tvJE'\1)l'vfENT (l) the Sovereign Wealth Fund of Zimbabwe established by the Sovereign Wealth Fund of Zimbabwe Act [Chapter 22:04] (No.7 of2014); or (m) such other institution as may be prescribed; "foreign banking institution" means a banking institution which is not registered in Zimbabwe and whose head office is situated outside Zimbabwe; "group of companies" means a holding company and its subsidiaries, as defined in section 143 of the Companies Act [Chapter 24:03], and "member" in relation to such a group means any one of those companies; "independent", in relation to a director of a banking institution or controlling company, has the meaning given to it in subsection (4); "mobile banking" means an arrangement that allmvs a customer of(a) a banking institution; or (b) a licensee under the Postal and Telecommunications Act [Chapter 12 :05]; or (c) any other operator of a wireless communication system; to access any financial service activities through a mobile device, whether the arrangement is operated by the banking institution, licensee or operator concerned or by an independent operator; "principal officer", in relation to a banking institution or controlling company, means an officer referred to in section 20(2); "principal shareholder", in relation to a banking institution or controlling company, means a person who owns or controls more than(a) five per centum; or (b) such other percentage as may be prescribed for the purpose of any provision of this Act; of the shares or voting stock of the banking institution or controlling company; "problem banking institution" means a banking institution whose capital adequacy, asset quality or liquidity or solvency is, or will be (in the opinion of the Registrar), significantly impaired unless there is a major improvement in its financial resources, risk profile, strategic business direction, tisk management capabilities or quality of management; "special purpose vehicle" means (by whatever other name it is called, including a special purpose entity or special purpose company) a company or entity created by a banking institution or controlling company solely or primarily for one or any combination of the following purposes(a) the owning or securitising of a particular set of loans, assets or other investments, and distributing the risk to investors; (b) the marketing of financially engineered products; (c) avoiding tax; 206 2015