Subject Title - INSETA

10.2.5 Accreditation under Medical Schemes Act 1998Section 8(7) of the FAIS Act, which was discussed above, has certainimplications in respect of the certain requirements for FSPs that are alsoaccredited under the Medical Schemes Act.If an accredited Medical Schemes FSP loses its accreditation in terms of theMedical Schemes Act, the FAIS Licence will also be deemed to be suspendedor withdrawn.Similarly, if the accredited (FAIS) FSPs licence is suspended or withdrawn interms of the FAIS Act, it will also lose its accreditation in terms of the MedicalSchemes Act.The conditions under which a licence can be reinstated and reinstatements ofauthorisation may be imposed.We mentioned above that the Registrar must inform the licensee of thegrounds for suspension of withdrawal of a licence.The licensee must be given a reasonable opportunity to respond thereto andto provide reasons why the provisional suspension or withdrawal should belifted or why the period and terms should be changed.The registrar must, within a reasonable time after receipt of any responsereceived consider the response, and may thereafter decide to-lift the provisional suspension or withdrawal; orrender the suspension or withdrawal final,and must inform the licensee accordingly.The Registrar must make known the terms of and reasons for the finalsuspension or withdrawal, or the lifting thereof, by notice in the Gazette and,if necessary, in any other appropriate public media.Once the licensee meets the outstanding requirements (such as payment oflevies) the Registrar may reinstate the licence. If the Registrar has setspecific conditions and the licensee meets the conditions to the satisfaction ofthe Registrar, the licence may be reinstated.Section 34 of the Constitution makes provision that anyone may approach acourt to have a dispute resolved by a court or another independent and© INSETA - Section 1 12a 199