NexusShield Digital Insurance — Regulatory & Compliance Framework
NexusShield will operate under the following regulatory licences and registrations:
Section 15 · Business Plan
Regulatory & Compliance Framework
NexusShield will operate under the following regulatory licences and registrations:
15.1 Licensing Requirements
NexusShield will operate under the following regulatory licences and registrations:
| Licence / Registration | Regulatory Authority | Status | Timeline |
| Short-Term Insurance Licence | Prudential Authority (SARB) | Application Pending | Months 1–10 |
| Financial Services Provider Licence | Financial Sector Conduct Authority | Pre-application | Months 3–12 |
| POPIA Registration | Information Regulator | Preparation Phase | Months 1–4 |
| CIPC Company Registration | CIPC | Completed | N/A |
| B-BBEE Verification | Accredited Verification Agency | Preparation Phase | Months 4–6 |
| Payment Services Registration | SARB National Payment System | Pre-application | Months 6–12 |
15.2 Regulatory Compliance Framework
NexusShield’s compliance framework is designed around the following key South African regulatory instruments:
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Insurance Act, 2017 (Act No. 18 of 2017) — Core insurance regulatory framework
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Financial Sector Regulation Act, 2017 (Act No. 9 of 2017) — Twin Peaks regulatory architecture
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Financial Advisory and Intermediary Services Act, 2002 (FAIS) — Financial advice and intermediary licensing
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Protection of Personal Information Act, 2013 (POPIA) — Data protection and privacy
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Cybercrimes Act, 2020 — Cybersecurity obligations and incident reporting
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Financial Intelligence Centre Act, 2001 (FICA) — Anti-money laundering and know-your-customer
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Broad-Based Black Economic Empowerment Act, 2003 — Transformation and procurement requirements
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