Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)RegulationsFinancial Sector Regulations, 2018Part 1 : Transitional Measures4B. Recovery of costs by Council for Medical Schemes |
When the Council for Medical Schemes exercises powers in terms of Chapter 9 of the Act as contemplated in section 129(2) of the Act, the Registrar of Medical Schemes may recover costs associated with the exercise of those powers from—
| (a) | the medical scheme that is the subject of the exercise of the powers, if the Registrar so decides, after having considered the results of the exercise of the powers; or |
| (b) | any person, when it appears, after considering the outcome of the exercise of the powers, that the person was knowingly a party to the carrying on of the affairs of the medical scheme in a manner that constituted an irregularity, non-compliance or contravention. |
[Regulation 4B inserted by section 3 of Notice No. 196, GG42359, dated 29 March 2019]