Not so much well defined as fancy words. There is no example of a paying software development job that has no economic impact if the software were to fail.

If I ran a small shopify page for goat feed, I'd be an engineer for making sure the site stayed working so farmers could order their feed. It could even put lives at risk!

It really only excludes someone privately working on a video game for fun.

So given that, what are they actually regulating? What are they providing to their members to help them become better "software engineers". I say it's nothing at all? +